$ADA Long Position Signal (1H Chart)

Current Price: $0.6243

Entry Zone: $0.6220 – $0.6250 (Wait for a small pullback or reversal confirmation)

Stop Loss: Below $0.6130 (Recent low of 1H)

Target 1: $0.6340

Target 2: $0.6420

Target 3 (Extended): $0.6540

Risk/Reward: ~1:2.5+

🔍 Why Long?

The price is recovering after hitting a local bottom at $0.6131, forming a potential bullish engulfing candle.

The volume shows a slight recovery; the bottom support is being respected.

ADA has fallen significantly in the last 180 days (-44.16%), but it has still risen 54.26% in the last year—room for recovery pullbacks.