$ADA Trade Signal: Potential Long Entry
Entry Zone:
Between $0.6600 - $0.6700, as the price recently
tested the $0.6607 support and is showing signs of a potential rebound.
Stop Loss:
Below $0.6550 to minimize risk in case of further downside.
Support Levels:
Primary Support: $0.6600 (recent low)
Stronger Support: $0.6400 (if price drops further)
Resistance Levels:
First Resistance: $0.7050 (previous consolidation zone)
Second Resistance: $0.7300 (recent high)
Target Levels:
Target 1: $0.6900 (short-term)
Target 2: $0.7100 (mid-term)
Target 3: $0.7400 (if momentum is strong)
Trade Idea:
If ADA/USDT holds above $0.6600 and forms bullish confirmation (like a green candle closing above $0.6700), a long position could be entered.
A stop loss below $0.6550 ensures limited downside risk.
Take profit gradually at the resistance levels while trailing stop-loss to secure profits.