🚀 $ADA /USDT Trading Signal – Testing Key Levels

Current Price: $1.0708 (+0.80%)

Cardano ($ADA ) has recovered from its 24H Low of $1.0061 and is consolidating after hitting a 24H High of $1.1520. The price is trading near key EMAs, reflecting indecision between bulls and bears.

📉 Short Entry Signal:

If the price breaks below $1.0600, a short trade could target lower levels.

Entry Range: $1.0550 - $1.0600

Target 1: $1.0300

Target 2: $1.0100

Stop Loss: $1.0750

📈 Long Entry Signal:

If the price sustains above $1.0800, bullish momentum could resume.

Entry Range: $1.0800 - $1.0850

Target 1: $1.1000

Target 2: $1.1200

Stop Loss: $1.0650

🔎 Market Observations:

$ADA is trading near its EMAs (EMA(7): $1.0662, EMA(25): $1.0704, EMA(99): $1.0701), indicating a neutral zone.

Resistance lies at $1.0800, while support at $1.0600 is crucial for holding bullish sentiment.

A breakout above $1.1000 may lead to testing higher resistance levels.

Set tight stop losses as ADA is at a critical level with potential for high volatility. Watch for breakout confirmations before entering trades.

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