$ADA a quick technical breakdown:
Indicators Overview:
RSI (6): 18.85 – This is extremely oversold, suggesting a potential bounce or short-term reversal.
MACD: Bearish crossover and red histogram bars – momentum is currently down.
Price Action: Sharp drop after hitting resistance near 0.6645. Price is now at 0.6562, near intraday support.
Entry Decision:
Short-Term (Scalping/Quick Trade):
You can consider a low-risk long (buy) entry, since RSI is heavily oversold and the price is near local support.
Place tight stop-loss just below 0.6520 to manage risk.
Safer Approach:
Wait for confirmation: Let RSI start climbing and MACD histogram turn green. That would be a safer buy signal.
Conclusion:
Aggressive trader? You may take a calculated entry now.
Conservative trader? Wait for momentum reversal confirmation.
Let me know your risk level, and I’ll help you fine-tune the entry.
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