Cardano

### **Trade Analysis & Strategy**

#### **1. Stop-Loss Level**

- **Key Support**: 0.791 (previous swing low & near the MA5 level).

- **Aggressive SL**: Just below 0.791 (e.g., **0.785**) to account for minor wicks.

- **Conservative SL**: Below the next support at **0.700** (stronger level but wider risk).

#### **2. Profit Targets (Risk-Reward Ratios)**

- **RR 1:1**: **0.835 + (0.835 - 0.785) = 0.885**

- **RR 1:2**: **0.935** (aligned with the resistance level at 0.933 from the data).

- **RR 1:3**: **0.985** (extended target if momentum persists).

#### **3. Chart Pattern & Price Action Logic**

- **Trend Context**:

- Price (0.835) is above **MA5 (0.803)**, suggesting short-term bullish momentum.

- MACD histogram is positive (**+0.01361**), with DIFF > DEA, supporting upward momentum.

- **Key Levels**:

- **Support**: 0.791 (confluence of MA5 and prior lows).

- **Resistance**: 0.933 (recent high).

- **Probability**:

- **Moderate-High (60-70%)** if price holds above MA5 and MACD remains bullish.

- Lower probability if MACD flattens or volume declines.

#### **4. Trade Execution Notes**

- **Entry**: Near current price (0.835) or on a pullback to **0.803–0.810** (MA5 zone).

- **Confirmation**: Watch for rejection candles at support or MACD crossover strength.

- **Risk**: Keep position size aligned with 1–2% capital risk per trade.

**Summary**: Favor longs with SL at 0.785, targeting 0.885–0.935, using MA5 and MACD as guides. Adjust if MACD turns negative or price breaks below 0.791.