$ADA

Quick Analysis

Price now: $0.9129

24h High/Low: $0.9777 – $0.9011 (currently closer to the low).

Indicators:

RSI ≈ 33 → near oversold, could bounce.

MACD is negative, momentum still weak.

Price is sitting on the 99 MA (0.9073) → possible support.

Recent low: 0.8781, resistance at 0.955 – 0.977.

📈 Trade Plan

Long (Buy for rebound)

Entry: 0.910 – 0.915 (current zone, near support)

Stop-loss: 0.88 (below last swing low)

Targets:

0.94 (short-term resistance / MA25)

0.955 (strong resistance zone)

0.977 (24h high, stretch target)

Risk–Reward:

Risk ≈ -3% (if it drops to stop-loss)

Reward ≈ +5–7% if it hits targets → acceptable R:R.

Short (if support breaks)

Entry: If it closes below 0.90 with strong volume.

Stop-loss: 0.918 (above breakdown zone).

Targets:

0.878

0.85

⚖️

Since RSI is oversold & price sits on 99 MA, buying the dip (Option 1) looks better.

Manage risk: don’t risk more than 1–2% of your account balance on this trade.

If price breaks below 0.90 with volume, flip to short setup.