$ADA
USDT READY FOR AN EXPLOSIVE BULLISH BREAKOUT 🚀
Cardano is showing a strong bullish continuation setup after a powerful vertical rally. The current price is $0.5890, consolidating above key support and preparing for its next leg up.
🔑 Key Levels:
Support: $0.5803 – $0.5796 zone
Resistance: $0.6238 – $0.6241
Current Price: $0.5890
🎯 Trade Setup (Long):
Entry Zone: $0.5870 – $0.5890
Take Profit (TP): $0.6240
Stop Loss (SL): $0.5796
📊 Market Outlook: The market is in a strong uptrend with bullish momentum maintained by the recent breakout and retest structure. Holding above $0.5803 indicates bulls are in control, targeting the next resistance around $0.6240 for a fresh higher high.
⚠️ Risk Management: Always use tight stop-loss as planned and risk only 1-2% per trade to protect your capital in case of unexpected market reversals.
💬 What’s your ADA target for this week? Comment below and share your strategy with the community!
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