$ADA /USDT BULLISH BREAKOUT IN PLAY AS PRICE PUSHES ABOVE KEY RESISTANCE!
Current Price: 0.6342 USDT
Change: +1.52%
#Cardano is showing strength with a breakout move from recent consolidation levels, confirming bullish momentum. The pair has bounced from a key support and is pushing higher, signaling a potential continuation toward upper resistance zones.
Key Levels to Watch:
Immediate Support: 0.6250
Major Support Zone: 0.6150 – 0.6100
Immediate Resistance: 0.6400
Major Resistance Zone: 0.6450 – 0.6500
The current price action at 0.6342 is flirting just below the minor resistance of 0.6400. A strong close above this level could trigger further buying interest toward the 0.6500 psychological barrier.
🔵 Trade Setup – Long Position (Bullish Bias)
Entry: 0.6340 – 0.6370 (on minor retracement or breakout confirmation)
Take Profit Targets:
TP1: 0.6450
TP2: 0.6500
Stop Loss: 0.6240 (below recent support zone)
Market Outlook:
Cardano is showing a bullish breakout structure with higher lows forming consistently. Volume support is decent, and price structure suggests potential upside continuation if bulls maintain control above 0.6300. Watch for increased momentum above 0.6400.
Risk Management:
Use proper position sizing, risking no more than 1-2% of your capital on a single trade. Always have your stop loss in place and avoid emotional trading during volatility.