$ADA – Bounce from EMA(99) support at $0.5782
A bullish recovery candle is forming above EMA(25)
ADA retraced after touching $0.5906 but maintained the key support at EMA(99), showing signs of strength.
The current candle has recovered EMA(25), indicating the potential for continued movement towards local highs.
Trading Setup:
• Entry Point: $0.5815 – $0.5835
• Stop Loss: $0.5770
• Take Profit:
• TP1: $0.5870
• TP2: $0.5906
• TP3: $0.5960
📈 Market Overview:
ADA shows upward resistance near EMA(99).
Sustained movement above $0.5906 could open the doors for a breakout towards the $0.60+ area.
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