LESSONS: DAY #5 @Adan_ProTrader
$ADA /USDT 15M Update: Local Rebound in Progress? 📈
Cardano ($ADA ) pulled back sharply to test support near $0.2419 and is currently trying to recover around $0.2460.
Key Technical Observations:
RSI(6): Currently at 42.01, curving upward from local oversold conditions.
MACD: Still showing bearish distribution momentum, requiring caution before going heavy long.
Price Action: Holding above $0.2445 support. A 15M candle close above $0.2480 is required to confirm a reversal toward $0.2520.
Risk Rule: Do not chase the first green candle without EMA crossover confirmation. Always manage position sizing! 🛡️
#ADA #Cardano #TechnicalAnalysis #TechnicalAnalysis #Adan_ProTrader
$ADA /USDT 15M Update: Local Rebound in Progress? 📈
Cardano ($ADA ) pulled back sharply to test support near $0.2419 and is currently trying to recover around $0.2460.
Key Technical Observations:
RSI(6): Currently at 42.01, curving upward from local oversold conditions.
MACD: Still showing bearish distribution momentum, requiring caution before going heavy long.
Price Action: Holding above $0.2445 support. A 15M candle close above $0.2480 is required to confirm a reversal toward $0.2520.
Risk Rule: Do not chase the first green candle without EMA crossover confirmation. Always manage position sizing! 🛡️
#ADA #Cardano #TechnicalAnalysis #TechnicalAnalysis #Adan_ProTrader
