BlockchainBaller
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Bearish
DEAR Binance Family Stay strong and HOLD #ADA don’t let the market crash shake you❗After briefly surpassing $1, $ADA has retraced back below its previous price level.... Is this a golden opportunity to buy the dip❓Once the price rebounds, a 5x profit could be on the horizon❗$ADA /USDT – Recovery Attempt or Short-Lived Bounce?
#Cardano is trading at $0.8149, down 16.45%, after bouncing from a 24h low of $0.7576. The price is showing signs of stabilization, but upside momentum remains weak.
Key Levels to Watch
Resistance: $0.85 – A breakout could push ADA toward $0.90 and $0.95
Support: $0.78 – If ADA breaks lower, expect downside to $0.75 and $0.70
Market Insights
Parabolic SAR: Indicates a short-term bullish trend, but needs confirmation
MACD: Weak bullish crossover, suggesting mild recovery potential
Volume: Increasing slightly, but not yet indicating strong buying pressure
Trade Setup
Long Entry: Above $0.85, targeting $0.90 and $0.95
Short Entry: Below $0.78, targeting $0.75 and $0.70
Stop Loss: $0.80 to limit risk
ADA is attempting a rebound, but a strong confirmation is needed to sustain gains. Traders should watch key levels for the next move.
#Cardano is trading at $0.8149, down 16.45%, after bouncing from a 24h low of $0.7576. The price is showing signs of stabilization, but upside momentum remains weak.
Key Levels to Watch
Resistance: $0.85 – A breakout could push ADA toward $0.90 and $0.95
Support: $0.78 – If ADA breaks lower, expect downside to $0.75 and $0.70
Market Insights
Parabolic SAR: Indicates a short-term bullish trend, but needs confirmation
MACD: Weak bullish crossover, suggesting mild recovery potential
Volume: Increasing slightly, but not yet indicating strong buying pressure
Trade Setup
Long Entry: Above $0.85, targeting $0.90 and $0.95
Short Entry: Below $0.78, targeting $0.75 and $0.70
Stop Loss: $0.80 to limit risk
ADA is attempting a rebound, but a strong confirmation is needed to sustain gains. Traders should watch key levels for the next move.
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