$ADA
1. Entry Points
Current Price: $0.7711
ADA has shown a strong bullish momentum, forming a series of higher highs and higher lows.
Price is above all key moving averages:
MA(7): $0.7655
MA(25): $0.7337
MA(99): $0.6849
There’s a minor consolidation zone forming just under the recent high at $0.7755, suggesting a potential breakout.
Entry Setup:
Aggressive Buy: $0.7700–$0.7720 (market entry anticipating breakout)
Conservative Buy: $0.7760 (confirmation breakout above recent high of $0.7755 with volume)
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2. Stop-Loss Placement
Tight Stop: $0.7550 (below recent local support and MA(7))
Safer Stop: $0.7400 (below consolidation base and near MA(25))
Choose your stop-loss level based on your risk tolerance. The tighter stop offers a better risk-reward ratio but higher chance of being hit by volatility.
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3. Take-Profit Targets
TP1: $0.7900 (psychological resistance, 2.5% gain)
TP2: $0.8050 (next fib extension and round number, ~4.5% gain)
TP3: $0.8250 (longer-term resistance zone, ~7% gain)
Use a trailing stop or partial profit booking strategy to ride the trend if ADA continues higher.