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- Active long trade signal
ADA is regaining strength after a steady recovery from the support level of $0.7100. The price is now moving with upward momentum, showing strong trading volume and a solid trading structure. If buyers maintain their control, we may see a rise to the next resistance levels.
Trading Settings
Entry Area: $0.7450 - $0.7480
Stop Loss: Below $0.7290
Target 1: $0.7580
Target 2: $0.7700
Target 3: $0.7880
Risk Management
Use the stop loss wisely. Do not risk more than 2% of your total trading capital on this setup. Adjust the position size based on the level of risk. Take partial profits at each target, and move the stop loss order if the price moves in your favor.
Monitor the $0.7500 area closely. A clear break above it and holding above will confirm a continuation towards higher levels.
