#ADA
With a current price of 0.7634 USDT, I will adjust my analysis to identify a highly profitable trade with minimal risks.
📊 Updated technical analysis
1. Current Trend:
- Current price: 0.7634 USDT.
- Key support: 0.7550 USDT (last level where buyers intervened).
- Major resistance: 0.7700 USDT, recent ceiling to watch.
- EMA(7), EMA(20), EMA(99)→ Checking short/medium term momentum.
2. Key indicators:
- RSI: To confirm the strength of bullish or bearish momentum.
- MACD: Check if we have a reversal signal or a continuation.
- Volume: Assess the strength of the current movement.
📈 Optimized strategy for a secure trade
🚀 Long Scenario (buy):
✅ Optimal entry: Buy between 0.7580 - 0.7600 USDT for a good entry point.
✅ Stop Loss: 0.7545 USDT, below key support, to minimize losses.
✅ Take Profit: 0.7690 - 0.7720 USDT, close to resistance.
✅ Risk/Reward Ratio: Interesting if ADA pushes towards 0.7700 USDT with volume.
📉 Short Scenario (sell):
✅ Short entry: If ADA fails to break 0.7670 USDT, sell around 0.7660 USDT.
✅ Stop Loss: 0.7705 USDT to avoid a false bullish signal.
✅ Profit target: 0.7580 - 0.7555 USDT in case of a quick correction.
My analysis is for educational and informational purposes only. It does not constitute financial advice or an investment recommendation. Trading involves risks, and it is essential to do your own research and manage your capital responsibly.