📈 Cardano (ADA) Long Trading Strategy – Ready for the Next Breakout? 🔥
ADA is showing strong signs of a potential breakout on the Binance chart! After a recent spike to $0.83 driven by ETF news, Cardano has pulled back and is now consolidating around $0.81, forming a solid base.
🔹 Key Support Zone: $0.74–$0.75
🔹 Major Resistance: $0.94 → $1.00
🔹 Breakout Confirmation: A close above $0.88–$0.90 with high volume could trigger a strong bullish move.
🚀 Trading Strategy:
🟢 Enter long on dips near $0.75 or on breakout above $0.90
❌ Stop-loss: Below $0.73 to manage downside risk
🎯 Take Profit Targets:
1st TP: $0.94
2nd TP: $1.10
Moon Target: $1.50+
📊 RSI and MACD indicators are flashing early bullish divergence, while trading volume remains strong – a big move may be brewing!
⚠️ Watch out for any break below $0.73 – that invalidates the short-term bull setup.
🔥 ADA could be setting up for a strong rally if bulls regain control. Keep it on your radar – the next leg up might just be starting!
DYOR No Financial advice!