$ADA #ADA
🟢 POSSIBLE LONG ENTRY (necessary confluences)
📍Suggested entry:
• If the price remains above $0.5900 with increasing volume, an entry on retest with confirmation of a strong green candle can be attempted.
🎯 Suggested Take Profit:
• First target: $0.6050
• Second target (if it breaks): $0.6110 – $0.6130
🛑 Suggested Stop Loss:
• Below the recent low: $0.5820
(you can adjust tighter if there is clear structure on lower timeframes)
⸻
🚫 POSSIBLE BEARISH SCENARIO
If it loses $0.5820 forcefully, we could see a correction towards the $0.5650 – $0.5480 zone. Do not enter long if:
• The price starts to form lower highs and lower lows.
• Volume decreases while it rises.