$ADX
Overall Sentiment: Bullish in the medium term, as ADX has shown a strong breakout from a falling trend channel. However, in the very short term, it's near resistance levels and may be due for a pullback or consolidation.
Long Trade:
* Entry Idea:
* Conservative: Look for a confirmed retest and bounce from the $0.1150 - $0.1200 support zone.
* Aggressive: A confirmed breakout and sustained close above $0.1250 - $0.1300 with strong volume could signal a continuation of the upward trend.
* Targets:
* Short-term: $0.1300 - $0.1350
* Mid-term: $0.1400 - $0.1500
* Potential stretched target: $0.1600 - $0.1700
* Stop-Loss (example): Below $0.1150 or $0.1100 (depending on entry and risk tolerance).
Short Trade:
* Entry Idea: If ADX fails to break above $0.1250 - $0.1300 and is rejected with bearish confirmation, or if it breaks down convincingly below $0.1150.
* Targets:
* Short-term: $0.1150 - $0.1200
* Mid-term: $0.1050 - $0.1100
* Stop-Loss (example): Above $0.1300 or $0.1350.
Key Support & Resistance Levels:
* Resistance: $0.1250, $0.1300, $0.1400, $0.1500
* Support: $0.1200, $0.1150, $0.1100, $0.1050
Important Notes:
* Volatility: ADX, like other cryptocurrencies, is highly volatile. Be prepared for rapid price changes.
* Risk Management: Always use stop-loss orders to limit potential losses. Only trade with capital you can afford to lose.