$ADA ADA – Long Trade Signal (1H Chart)
Current Price: $0.6243
Entry Zone: $0.6220 – $0.6250 (Wait for a small pullback or confirmation bounce)
Stop Loss: Below $0.6130 (Recent 1H low)
Target 1: $0.6340
Target 2: $0.6420
Target 3 (Extended): $0.6540
Risk/Reward: ~1:2.5+
🔍 Why Long?
Price is bouncing after hitting a local bottom at $0.6131, forming a potential bullish engulfing candle.
Volume shows slight recovery; bottom support is being respected.
ADA is down heavily over 180 days (-44.16%), but still up 54.26% in the last year—room for recovery bounces.
RSI (not shown, but inferred from structure) likely at or near oversold on intraday timeframes.
📌 Key Notes:
Watch for confirmation breakout above $0.6270 for safer entry.
Use tight stop loss as breakdown below $0.6130 could signal more downside.
Ideal for short-term bounce trade, not long-term hold unless further strength builds on 4H+ charts.
BUY AND TRADE HERE $ADA
ADAUSDT
0.6249
-2.49%
