ADA/USDT
30-minute timeframe
✅ Pattern Analysis:
Ascending Channel (Bullish Channel) clearly drawn.
Price is currently testing the lower boundary of the channel (~0.6236–0.6255 USDT area).
Historically, price has bounced from this zone multiple times within the channel.
📊 Trade Signal:
✅ Long (Buy) Setup
Entry Zone: 0.6230 – 0.6260 USDT (around the current price)
Stop Loss: Below the channel support, around 0.6180 USDT
Take Profit Targets:
TP1: 0.6350 USDT (mid to upper channel)
TP2: 0.6400 USDT (channel top)
TP3: 0.6450 USDT (in case of a breakout)
📌 Risk Management:
Risk 0.5–1% of your capital on this trade.
If the price closes decisively below 0.6180 USDT, exit the trade —
this would invalidate the ascending channel.
📈 Alternative Scenario:
If the price breaks down below the channel support and retests it as resistance:
Short (Sell) Entry: 0.6180 USDT
Stop Loss: 0.6250 USDT
Targets:
TP1: 0.6100 USDT
TP2: 0.6000 USDT