🚨 $ADA /USDT Next Move & Potential Long Setup‼️ What's Next ?📈
On the 1D chart, $ADA is respecting an ascending channel / rising wedge pattern, respecting both support and resistance trendlines with high accuracy.
Key Technical Observations:
Fakeout & Liquidity Sweep 🔪: The recent breakout attempt turned out to be a fakeout, sweeping upside liquidity before pulling back.
Downside Correction 📉: Unfilled Fair Value Gaps (FVGs) and downside liquidity suggest short-term bearish momentum. Riding this via quick short scalps.
The Golden Pocket Buy Zone 🎯: Watching the $0.1990 – $0.1830 range closely. This coincides with the Fibonacci Golden Pocket, major historical S&R, and the lower trendline support.
Trading Strategy:
Short-Term: Expecting further downside correction toward the demand zone.
Long Entry: Waiting for strong bullish reversal candles/confirmation inside the $0.1990 – $0.1830 demand zone before opening long positions.
Patience is key—let the market fill the gaps before making the move! 🟢
What’s your plan on $ADA ??..
#ADA #Write2Earn
On the 1D chart, $ADA is respecting an ascending channel / rising wedge pattern, respecting both support and resistance trendlines with high accuracy.
Key Technical Observations:
Fakeout & Liquidity Sweep 🔪: The recent breakout attempt turned out to be a fakeout, sweeping upside liquidity before pulling back.
Downside Correction 📉: Unfilled Fair Value Gaps (FVGs) and downside liquidity suggest short-term bearish momentum. Riding this via quick short scalps.
The Golden Pocket Buy Zone 🎯: Watching the $0.1990 – $0.1830 range closely. This coincides with the Fibonacci Golden Pocket, major historical S&R, and the lower trendline support.
Trading Strategy:
Short-Term: Expecting further downside correction toward the demand zone.
Long Entry: Waiting for strong bullish reversal candles/confirmation inside the $0.1990 – $0.1830 demand zone before opening long positions.
Patience is key—let the market fill the gaps before making the move! 🟢
What’s your plan on $ADA ??..
#ADA #Write2Earn
