$ADA /USDT Trade Setup
Market Insight:
Cardano ($ADA ) has seen a +6.33% gain in the last 24h, reaching $0.6214, with strong momentum from the $0.5840 low. Price is currently trading between the middle and upper Bollinger Bands, suggesting bullish sentiment with room to test resistance near $0.6314.
Entry:
🟢 Buy Zone: $0.6050 – $0.6210
(Dips near the middle Bollinger Band or minor pullbacks are ideal for entry.)
Targets:
🎯 Target 1: $0.6315 (Upper Bollinger Band)
🎯 Target 2: $0.6450 (Recent local resistance)
🎯 Target 3: $0.6700 (Major resistance & psychological round level)
Stop Loss:
🔻 Stop Loss: $0.5940
(Below the lower Bollinger Band and recent support)
Key Levels:
Support: $0.5950 / $0.5830
Resistance: $0.6314 / $0.6450 / $0.6700
Pivot (MB): $0.6136
Pro Tip:
Watch for a breakout above $0.6315 with strong volume – this could open room for a swift move to $0.6450 and beyond. If ADA retraces toward the 20-day MA (around $0.6136), it may offer a safer re-entry.
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