$ADA /USDT Perpetual (Cardano) Trade Setup

As of now:

Current Price: $0.8287

24h Change: +2.92%

Recent High: $0.8700

Recent Low: ~$0.8219

Volume: 17.42M (high activity zone)

๐Ÿ” Key Technical Levels

Resistance Zones

$0.8700 โ€“ Recent top, strong intraday resistance

$0.8600โ€“$0.8578 โ€“ Supply zone (seller activity)

Support Zones

$0.8219 โ€“ Minor intraday support

$0.8000 โ€“ Psychological and previous price reaction level

$0.7660โ€“$0.7840 โ€“ Strong support cluster if breakdown occurs

๐Ÿ“ˆ Bullish Trade Setup (Breakout Play)

Entry: $0.8710 (above 1h/4h close over $0.8700)

Target 1: $0.9000

Target 2: $0.9350

Stop Loss: $0.8400

๐Ÿ“Š Ideal if accompanied by strong volume and RSI > 55 on 1h or 4h.

๐Ÿ”ป Bearish Trade Setup (Fade or Breakdown)

Entry: $0.8200

Target 1: $0.8000

Target 2: $0.7840

Stop Loss: $0.8400

โš ๏ธ Use only if price breaks support with weak bounce attempts or forms bearish engulfing candles.

๐Ÿ”„ Neutral/Range-Bound Strategy

If price chops between $0.8219 and $0.8700, you can consider a range scalp:

Buy near $0.8220, sell near $0.8600

Tight stops on both sides (~$0.010 max risk)

Would you like the setup adapted to a lower timeframe (15mโ€“1h) for intraday scalping, or a macro outlook for ADA?

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