$ADA /USDT, ideal for Telegram, Twitter, or Discord trading groups:
$ADA/USDT SHOWING SIGNS OF RECOVERY ā BULLISH MOMENTUM BREWING! šš„
Current Price: $0.5951
24h Change: +1.43%
24h High / Low: $0.6119 / $0.5827
Volume (ADA/USDT): 111.54M / 66.92M
š TECHNICAL OVERVIEW
Cardano ($ADA) is trading near mid-range support after bouncing from $0.5827, and attempting to reclaim the $0.60 psychological level. A clean break above this could signal a bullish continuation.
Key Support Zones:
š» S1: $0.5820 ā Strong intraday support
š» S2: $0.5670 ā Previous demand zone
š» S3: $0.5500 ā Major swing support
Key Resistance Zones:
šŗ R1: $0.6000 ā Immediate breakout resistance
šŗ R2: $0.6119 ā 24h high
šŗ R3: $0.6350 ā Major resistance on higher TFs
šÆ TRADE SETUP ā LONG SCENARIO
Entry Ideas:
ā Breakout Entry: On 1h/4h candle close above $0.6000
ā Pullback Entry: Around $0.5860ā$0.5900 with bullish confirmation
Targets (TP):
šÆ TP1: $0.6119
šÆ TP2: $0.6280
šÆ TP3: $0.6450
Stop Loss (SL):
ā SL1: $0.5820
ā SL2 (wider): Below $0.5670
š”ļø RISK MANAGEMENT
Risk 1ā2% of capital per trade
Maintain 2:1 or better risk-to-reward
Watch for false breakouts near $0.60 ā confirm with volume
š¢ SUMMARY
$ADA is coiling up for a potential push through $0.60. A bullish breakout with strong volume could set off a mini-rally toward $0.635+. Until then, buyers may continue to accumulate near $0.585ā$0.590.
Bias: BULLISH | Strategy: Breakout & Retest | Setup Strength: Medium-High ā”
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