$ADA $ADA

Strong upward movement paves the way - Watch for higher targets

The price of $S forms a solid base above the support area at $0.5110, showing resilience after a strong rebound from its recent lows. The chart structure is shifting to an upward trend, with noticeable demand increasing on lower timeframes and an uptick in spot trading volume, confirming buyers' interest.

If momentum continues and the price surpasses $0.5370, we may witness a new impulsive wave towards key resistance levels.

📊 Trading Setup:

Entry Area: $0.5220 - $0.5300

Stop Loss: Below $0.5100

Take Profit Targets:

• TP1: $0.5680

• TP2: $0.5970

• TP3: $0.6340

This setup presents a suitable risk-reward ratio for trend-following traders. A breakout and close above $0.5370 indicates confirmation of the next bullish wave - pay attention to trading volume at the breakout.