$ADA USDT DEFENDING SUPPORT ZONE ā BULLISH RECLAIM IN PROGRESS š”ļøš
$ADA dipped below key support near $0.578 but quickly reclaimed it with a strong wick and bullish candle. This move signals a potential fakeout trap for bears, and price is now attempting to push back into the previous range. A break above $0.5826 could trigger further upside.
š¹ Trade Setup:
Entry Zone: $0.5785 ā $0.5800
Stop Loss: $0.5705
Take Profit Targets:
ā¢ TP1: $0.5906
ā¢ TP2: $0.5927
ā¢ TP3: $0.6115
Margin: 2ā3% of wallet
Leverage: 10x
š Market Outlook:
The reclaim of local support and consolidation just below resistance gives bulls an edge. A clean breakout above $0.582 could attract breakout buyers and squeeze short positions. Momentum is building for a potential push.
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