$ADA Breakout or Consolidation?
ADA is trading at $0.7212, holding steady after a period of sideways movement. The price is consolidating within a tight range, and a breakout could lead to a strong move in either direction.
Key Levels to Watch
Resistance: $0.7290 – A breakout above this level could push ADA toward:
• TP1: $0.7400
• TP2: $0.7550
Support: $0.7150 – If this level fails, expect further downside toward:
• TP1: $0.7050
• TP2: $0.6900
Trade Setup – Watch for Confirmation!
Long Entry: Above $0.7290 if bullish momentum increases.
Short Entry: Below $0.7150 if support weakens.
Stop-Loss: Adjust to minimize risk near key levels.
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