📍#ADA Technical Analysis (2025/06/19)

Wondering where ADA price is headed? Key supports and resistances revealed!

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[Timeframe] 1D

Trend: Daily chart remains bearish as price trades below multiple MAs and hits new lows, RSI near oversold but failing to rebound.

🔹 Long:

🛑 Stop loss: 0.580

🟢 Add long: 0.590, 0.585, 0.580

🚀 Breakout long: 0.6117

🎯 Take profit: 0.6426, 0.7100, 0.7460

🔻 Short:

🛑 Stop loss: 0.630

🟢 Add short: 0.6131, 0.6575

🚨 Breakout short: 0.589

🎯 Take profit: 0.580, 0.556, 0.511

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[Timeframe] 4H

Trend: 4H downtrend is clear with ADX above 25 indicating strong selling pressure, watch for break below 0.589 to add shorts.

🔻 Short:

🛑 Stop loss: 0.6131

🟢 Add short: 0.6100, 0.6200

🚨 Breakout short: 0.589

🎯 Take profit: 0.580, 0.556

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[Timeframe] 1H

Trend: 1H consolidates with bullish bias as MACD and DMI small timeframe golden cross appears, resistance near 0.608.

🔹 Long:

🛑 Stop loss: 0.5930

🟢 Add long: 0.598, 0.595

🚀 Breakout long: 0.608

🎯 Take profit: 0.613, 0.620

🔻 Short:

🛑 Stop loss: 0.608

🟢 Add short: 0.605

🚨 Breakout short: 0.593

🎯 Take profit: 0.589, 0.580

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[Strategy Summary]

Suggested action: Bias remains short overall with light long exposure. Consider short entries on rallies near 0.608 targeting 0.580 and 0.556 with stop loss at 0.630. If 0.590 holds and 1H golden cross confirms, look for breakout above 0.6117 for long positions targeting 0.643 and 0.71. Limit each entry to 20% of capital and manage risk carefully.

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