💥From this ADA/USDT chart, we can see several technical indicators that help determine the right entry:
Entry Point Analysis:
1. Support and Resistance:
Strong support around 0.5060 (the lowest price on the chart).
Nearest resistance around 0.7668 and 1.1747.
2. Moving Averages (MA):
MA(7) (yellow) and MA(25) (pink) are showing a downtrend.
MA(99) (purple) is still above the price, indicating that the long-term trend is still bearish.
3. Volume:
There was a large volume spike when the price rose to 1.1747, but it dropped back down.
Current volume is lower, indicating no strong bullish confirmation yet.
When is the Right Entry?
✅ Buy Entry:
If the price drops back to 0.6197 - 0.6500 (strong support zone) and shows a bullish reversal (bullish candlestick, e.g., doji or engulfing).
Stronger confirmation if MA(7) starts crossing MA(25) upwards.
🚫 Avoid Entry:
If the price is still below MA(25) without signs of reversal.
If volume remains low, indicating a lack of buying pressure.
So, the best entry is when the price corrects to the support zone (around 0.62-0.65) and shows bullish signals with volume confirmation and MA crossover.
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