Coin - $ADA
Signal - LONG
Cardano ($ADA) is showing promising signs of a potential breakout as it approaches the lower boundary of a developing bullish trend channel. The current price action is supported by confluence from the trendline support, the Volume Profile’s Value Area Low (VAL), and an unfilled Fair Value Gap (FVG), all suggesting strong buying interest in this zone. This setup marks a technical sweet spot for opening long positions with favorable risk-reward dynamics. The Point of Control (POC) sits at $0.80, and a decisive breakout above $0.82 could trigger a rally toward the $0.90 level. Traders are advised to consider a long entry on ADA with low leverage and modest margin to manage risk effectively, while placing a stop-loss around $0.72 to protect against unexpected downside.
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USDT Dominance (USDT.D) is currently moving within a short-term falling trend channel, suggesting a gradual shift away from stablecoins and potential risk-on sentiment returning to the crypto market. As capital rotates out of USDT, it often signals renewed interest in altcoins and Bitcoin, increasing the probability of a broader market upswing. This environment supports a more bullish bias, making long trade setups more favorable than shorts. Traders should monitor this trend closely, as continued weakness in USDT dominance may further fuel momentum across the crypto space, offering attractive entry points for bullish positions.
Trade setup :
Entry : 0.76
Target : 0.8
Stop loss : 0.73
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