$ADA /USDT (Cardano) chart on the 1-hour timeframe from Binance.
$ADA Current Price: $0.5851
24h High: $0.5910
24h Low: $0.5722
🔍 Market Observation
The price recently formed a higher low and is pushing back towards the $0.5900 resistance zone.
If ADA/USDT breaks above $0.5910, it can gain bullish momentum.
Immediate support lies near $0.5750-$0.5720, while resistance is at $0.5910-$0.5950.
⚔️ Trade Idea (Short Term)
Long Entry: On breakout above $0.5910
Targets (TP): $0.5950 / $0.6000
Stop Loss (SL): $0.5820
Or
Short Entry: If price gets rejected from $0.5910
Targets (TP): $0.5800 / $0.5750
Stop Loss (SL):
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