$ADA
#ADAUSDT Bullish
Chart Summary (1D Interval)
Current Price: 0.6887 USDT
Trend: Bearish intraday; price declined from ~0.71 to ~0.688.
Support Level: Around 0.685–0.687 (price bounced off this level).
Resistance Level: Around 0.71
Pattern: Descending channel with lower highs; likely range-bound within the day.
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Trade Setup (Short-Term Swing or Scalp)
1. Entry Point:
Buy Entry: 0.6850–0.6870 USDT (near the local support zone).
Confirmation: Wait for a green candle or bullish engulfing pattern on the 15-min or 1H chart near this zone.
2. Stop Loss:
0.6780 USDT
Reason: Just below previous minor low to protect against a breakdown.
3. Take Profit Targets:
TP1: 0.7000 USDT (psychological round number and recent high)
TP2: 0.7100 USDT (strong resistance area from today’s peak)
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