$ADA /USDT BULLISH REBOUND IN PLAY šš
š TECHNICAL ANALYSIS (4H CHART)
$ADA /USDT is showing signs of strength despite recent dip, currently trading at $0.6413 (-3.43%). Price is respecting the short-term moving averages, hinting at a possible bullish reversal from support.
š MOVING AVERAGES
MA(7): $0.6394
MA(25): $0.6362
MA(99): $0.6354
Price is bouncing above all three, indicating short-term bullish momentum.
š KEY LEVELS
Resistance: $0.6640 š¼
Support: $0.6170 š½
Current Price: $0.6413
A sustained move above $0.6450 will likely lead to a test of $0.6640, with potential breakout if volume supports.
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š TRADE SETUP: LONG ENTRY IDEA
Entry: $0.6420
Stop Loss (SL): $0.6290
Take Profit (TP1): $0.6640
Take Profit (TP2): $0.6800 (if momentum continues)
Confirmation: Look for strong bullish candle + rising volume above $0.645.
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š”ļø RISK MANAGEMENT
š Risk only what you can afford to lose.
š Use a 1:2 or better risk-reward ratio.
š« Avoid FOMO ā wait for candle confirmation.
Momentum is building ā Bulls warming up! šš„
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