🚀 Technical Analysis – $ADA (Cardano)
📉 Current Price: ~US$ 0.824
📊 Predominant Trend: Strong bullish bias
$ADA recently broke an important resistance (~US$ 0.80) with volume and formed higher highs and higher lows — a sign of strength for trend continuation.
📌 Strategic Points
✅ Ideal Entry Zone:
Between US$ 0.80 and US$ 0.83 — area with technical support and accumulation signal.
🎯 Profit Targets:
Target 1: US$ 0.88–0.90
Target 2: US$ 0.95–1.00
Target 3 (optimistic scenario): US$ 1.05–1.10
🛑 Suggested Stop Loss:
Below US$ 0.78
🧠 Recommended Strategy
Scaled entry within the support range between US$ 0.80 and US$ 0.83.
Partial at US$ 0.88, adjusting the stop to break-even point.
If there is a breakout with volume above this zone, maintain position until the next targets.
Adjust the stop as the price moves in favor.