$ADA
๐ Market Overview
Current Price: $0.7354
24h Range: $0.6725 โ $0.7369
Trend: Short-term bullish momentum after a rebound from key support at $0.6471 .โ
๐ Entry Zone
Buy Range: $0.70 โ $0.73
Strategy: Consider entering on a pullback towards $0.70 or upon a confirmed breakout above $0.74 with increased volume.โ
โ Stop Loss
Stop: $0.68
Rationale: Placed below the recent support level at $0.7010 to manage downside risk .โ
๐ฏ Take-Profit Targets
TP1: $0.7444 โ Immediate resistance
TP2: $0.7845 โ Next resistance level
TP3: $0.8619 โ Fibonacci extension target .โ
๐ Technical Indicators
RSI: Approaching overbought territory, indicating strong buying momentum.
MACD: Bullish crossover observed, supporting upward price movement.
Volume: Increasing, confirming buyer interest.โ
โ๏ธ Risk Management
Risk-Reward Ratio: Aim for at least 1:2.5.
Position Sizing: Risk no more than 1โ2% of your capital per trade.
Monitoring: Keep an eye on broader market trends, as ADA's price can be influenced by overall crypto market movements.
Trade here $ADA
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