#TradingAnalysis101 Trading Analysis 101: CARDANO (ADA/USDT) Long and Short Entries

Long Entry Setup

- Entry Range: $0.690 - $0.710

- This entry zone is positioned near the 200-day Moving Average (MA), which serves as a dynamic support level, and is historically a strong support area.

- Stop Loss: $0.645

- Place your stop loss below the recent low to mitigate risk in case of a reversal. This is a strategic placement to minimize losses while allowing for price fluctuations.

- Take Profit Targets:

- TP1: $0.750

- First resistance level. This target allows for a secure profit while evaluating market conditions.

- TP2: $0.778

- Recent 24-hour high. Hitting this level indicates bullish momentum and validates further upward movement.

- TP3: $0.820

- Next major resistance. This level serves as a potential profit-taking area for strong bullish trends.