$ADA / USDT – Consolidating Below Highs, Watching for Next Move

$ADA is currently trading at $0.8155, showing some consolidation after testing the recent high of $0.8220. The price appears to be in a tight range, waiting for a potential breakout or breakdown.

Trade Setup (Range Bound):

Potential Resistance: $0.8220 - $0.8250

Potential Support: $0.8050 - $0.8100

Breakout Scenario:

Entry (Long): Above $0.8250 with volume confirmation

Target 1: $0.8350

Target 2: $0.8450

Stop Loss (Long): Below $0.8150

Breakdown Scenario:

Entry (Short): Below $0.8050 with volume confirmation

Target 1: $0.7950

Target 2: $0.7850

Stop Loss (Short): Above $0.8150

Currently, the price action suggests indecision. Waiting for a clear break above resistance or below support with accompanying volume will be key to determining the next direction.

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