📉 The crypto market is bleeding – Will ADA hold and reverse?
The week started with red blood in the crypto market, many traders have been liquidated, but as we often know, moments of fear are the best buying opportunities 💎.
After reaching a peak of $ADA at 0.9509, it dropped to around 0.8500, which is a very important area:
🔸 It intersects with the daily EMA line of 50
🔸 At Fibonacci retracement 0.618
🔸 Close to last year's close
All these factors make the area an excellent opportunity for a strong rebound 🚀
🔧 My trading plan:
✅ Entry: 0.8450 – 0.8550
🛑 Stop loss: below 0.8100
🎯 Profit targets:
TP1: 0.8990
TP2: 0.9650
TP3: 1.02
⚠️ Not financial advice – just my technical perspective 👀
Do you expect ADA to hold this area and reverse, or more bleeding? 🧐
👈 Buy and trade CARDANO from here $ADA
