Bullish Trade setup for Cardano ($ADA )
1. Current Market Overview
Price: $0.7048
Trend: Slightly bullish reversal, but resistance around $0.7500
2. Entry Zone (Buy Range)
Suggested entry between $0.6800 – $0.7200
Buy near support zone (around $0.6900) or upon confirmation of a breakout above $0.7200.
4. Stop Loss
Suggested stop loss at $0.66
Below key support, this level limits the downside risk.
5. Target Zones
Target 1 (Short-Term): $0.7300-0.7400-0.7500
First resistance, where a potential rejection could occur.
Target 2 (Mid-Term): $0.7600-0.8000-0.9000
Previous highs and a key breakout target.
6. Leverage (if using margin)
Max Leverage: 2x–3x recommended
For risk management, leverage should not exceed 3x on ADA as it can be volatile.