$ADA /USDT Trading Strategy

The $ADA /USDT chart shows a consolidation phase after a sharp drop, forming a range between $0.7088 (support) and $0.7700 (resistance). The current price of $0.7248 indicates a slight upward momentum (+1.02%).

Entry Strategy:

• Long Entry: Breakout above $0.7700 with volume confirmation.

• Target: $0.8000

• Stop Loss: $0.7400

• Short Entry: Breakdown below $0.7088 with increased selling pressure.

• Target: $0.6800

• Stop Loss: $0.7300

Analysis:

The 4-hour chart indicates moderate bullish sentiment with higher lows, but volume remains a key factor for confirmation. The 24-hour volume metrics show a balanced trading range, suggesting possible consolidation before a decisive move.

Recommendation:

Wait for a clear breakout or breakdown with volume support to minimize risk. Manage trades with tight stop losses to protect against sudden volatility. Consider monitoring Bitcoin’s price action as it might influence ADA’s movement.

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