$ADA has broken above its recent range and is now pulling back after a strong impulse. If the $0.171-$0.173 support zone holds, the move could simply be a healthy retest before another leg higher.
A successful defense of this area keeps the bullish structure intact and could send price back toward $0.190-$0.195. Losing support, however, would increase the chances of a deeper correction before buyers regain control.
Momentum remains in favor of the bulls, but the reaction at support will be the key signal for the next move.
Waiting for confirmation around the retest offers a better risk-to-reward setup than chasing the initial breakout.
#altcoins
A successful defense of this area keeps the bullish structure intact and could send price back toward $0.190-$0.195. Losing support, however, would increase the chances of a deeper correction before buyers regain control.
Momentum remains in favor of the bulls, but the reaction at support will be the key signal for the next move.
Waiting for confirmation around the retest offers a better risk-to-reward setup than chasing the initial breakout.
#altcoins