🔸 ADA/USDT – Pullback from Highs | Master Trade Setup 🔸
Overview:
On the 1D timeframe, $ADA is down -3.39%, currently trading at $0.8097, with a 24H high of $0.8668 and a low of $0.7931. After a strong rally to $1.1747, ADA is now pulling back, following BTC’s downtrend, and testing the mid-Bollinger Band as support.
Technical Analysis:
🔹 Bollinger Bands: Price is testing the mid-band ($0.7919); breakdown may lead to lower support.
🔹 RSI (6): 46.59, indicating neutral momentum.
🔹 MACD: DIF: 0.0182, DEA: 0.0035, MACD: 0.0147, showing slight bullish divergence.
🔹 Volume: 284.04M USDT, indicating active trading.
🔹 MA (5 & 10): MA(5) $633.67M is below MA(10) $652.80M, signaling short-term consolidation.
🔹 OBV: 10.29B, reflecting strong accumulation.
🔹 Stochastic (K/D/J): K: 46.77, D: 49.37, J: 41.58, signaling mild correction.
Trade Strategy:
🔹 Support Zone: $0.7800 - $0.8000, holding as key support.
🔹 Resistance Levels: $0.8800, followed by $1.0000.
🔹 Stop-Loss Placement: Below $0.7700 for risk control.
🔥 Master Trade Setup 🔥
✅ Scalping: Buy $0.8000, target $0.8600, SL $0.7700.
✅ Swing Trade: Buy $0.7800, target $1.0000, SL $0.7500.
⚠️ Breakout Watch: A close above $0.8800 may trigger a run toward $1.0000+.
🛡️ Risk Management:
🔹 Capital Allocation: Risk 2-5% per trade.
🔹 Stop-Loss Discipline: Adhere to planned SL levels.
🔹 Risk-to-Reward Ratio: Target 1:2 or better.
🔹 Market Conditions: Watch BTC's price movement for correlation.
💬 Will $ADA hold support or break lower? Drop your thoughts below!
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⚠️ Always DYOR before trading! Market conditions change fast, manage risk wisely.
🔹 Data source: Binance
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