🔥 $ADA A pumping hard from $0.223: Ready for a continuation towards $0.27?
Took a close look at the 1H $ADA/USDT chart after that impressive recovery from the $0.2238 swing low.
Price action is currently holding strong around $0.2551, trading comfortably above key moving averages (EMA7 & EMA25) with Supertrend flipping green. Bulls are clearly driving momentum right now, but we are approaching immediate resistance near $0.2580 - $0.2630.
Here is how I’m playing this $ADA setup:
• Bullish Continuation (Preferred): Looking for a mild pullback or healthy consolidation around $0.2500 - $0.2520 to catch a LONG position towards $0.2680 - $0.2720.
• Invalidation/Bear Risk: If price loses the $0.2480 support level, momentum could cool off with a pull back down to test $0.2410.
My Key Levels:
• Target: $0.2680 (Long)
• Invalidation (SL): $0.2470 (Long)
MACD is holding in positive territory, suggesting buyer control as long as we stay above $0.249.
Are you buying the ADA/usdt breakout here or waiting for a retest around $0.250? Let me know your bias below! 👇
Not financial advice. Always manage your risk properly.
#Write2Earn #ADA #Cardano #CryptoAnalysis #BinanceSquare #CryptoTrading
$ADA
Took a close look at the 1H $ADA/USDT chart after that impressive recovery from the $0.2238 swing low.
Price action is currently holding strong around $0.2551, trading comfortably above key moving averages (EMA7 & EMA25) with Supertrend flipping green. Bulls are clearly driving momentum right now, but we are approaching immediate resistance near $0.2580 - $0.2630.
Here is how I’m playing this $ADA setup:
• Bullish Continuation (Preferred): Looking for a mild pullback or healthy consolidation around $0.2500 - $0.2520 to catch a LONG position towards $0.2680 - $0.2720.
• Invalidation/Bear Risk: If price loses the $0.2480 support level, momentum could cool off with a pull back down to test $0.2410.
My Key Levels:
• Target: $0.2680 (Long)
• Invalidation (SL): $0.2470 (Long)
MACD is holding in positive territory, suggesting buyer control as long as we stay above $0.249.
Are you buying the ADA/usdt breakout here or waiting for a retest around $0.250? Let me know your bias below! 👇
Not financial advice. Always manage your risk properly.
#Write2Earn #ADA #Cardano #CryptoAnalysis #BinanceSquare #CryptoTrading
$ADA