$ADA

I have conducted technical analysis on the ADA/USDT pair and observed the formation of a descending wedge pattern, which historically has often been a bullish reversal signal. Additionally, trading volume is starting to increase as the price approaches a strong support area around $0.42. If a breakout occurs, I am targeting the first resistance at $0.48. Currently, I am opening a long position using 5x leverage with a tight stop loss below that support area. I have calculated the risk, and this position aligns with my capital management strategy. I am also considering the latest news related to developments in Cardano technology that could serve as a short-term catalyst.