๐จ $ADA/USDT โ Cardano at the Crossroads: Bounce or Breakdown?
Cardano ($ADA) is holding its breath at $0.5751 (-2.03%), clinging to a key support zone. With momentum fading and selling pressure rising, this is a make-or-break moment. Will bulls defend the line โ or will bears drag it lower? ๐โ๏ธ๐
This is a high-probability setup for both sides. Letโs break it down ๐
๐ข LONG TRADE โ Reversal Potential
โ Trigger: Price holds above $0.5727 (24h support)
๐ Entry: $0.5775 (Break above range resistance)
๐ฏ Take-Profits:
โข TP1: $0.5834 (+1.4%) โ Near-term resistance
โข TP2: $0.5910 (+2.8%) โ 24h high
โข TP3: $0.5995 (+4.2%) โ Swing high
๐ Stop-Loss: $0.5700 (Below support zone)
๐ป SHORT TRADE โ Breakdown Setup
โ Trigger: Price breaks below $0.5727 with volume confirmation
๐ Entry: $0.5710 (Confirmed breakdown)
๐ฏ Take-Profits:
โข TP1: $0.5692 โ Minor dip (MA99 test)
โข TP2: $0.5672 โ Short-term support
โข TP3: $0.5500 โ Major psychological target
๐ Stop-Loss: $0.5755 (Above breakdown level)
๐ Key Zones:
๐น Resistance: $0.5834 โ $0.5910
๐น Support: $0.5727 โ $0.5672
๐ฌ Will bulls bounce it back or do the bears take over? Share your thoughts and entries below! ๐
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