🚀 $ADA at a key turning point: we’re watching buyers’ reaction!
While the market is in a frenzy on lower timeframes, higher timeframes continue to set the global rules of the game. We break down the current setup for the Cardano coin. 🧠
On the higher timeframe (4H) and the hourly chart (1H), the ADA/USDT structure remains bullish, with order flow prioritized in the Discount Buys Only zone. On the lower timeframe (15m), after the formation of a local low and a pullback, the price is testing a strong support area and a bullish order block, keeping potential for a resumption of growth toward the global trend. 📈
📈 Trading plan:
Entry Zone: $0.2120 – $0.2192 (enter a long position while holding the local order block and the support zone within the correction).
TP (Take Profit): $0.2300 – $0.2450 (target for updating local highs and testing the upper liquidity boundary).
SL (Stop Loss): $0.2080 (set below the lower boundary of the order block; a close below this level will break the bullish structure).
💬 Are you entering with a limit order from the order block, or waiting for confirmation on the 1-minute charts? Share your thoughts in the comments! 👇
#BinanceSquare #Cardano #ADA #cryptotrading #smartmoney
While the market is in a frenzy on lower timeframes, higher timeframes continue to set the global rules of the game. We break down the current setup for the Cardano coin. 🧠
On the higher timeframe (4H) and the hourly chart (1H), the ADA/USDT structure remains bullish, with order flow prioritized in the Discount Buys Only zone. On the lower timeframe (15m), after the formation of a local low and a pullback, the price is testing a strong support area and a bullish order block, keeping potential for a resumption of growth toward the global trend. 📈
📈 Trading plan:
Entry Zone: $0.2120 – $0.2192 (enter a long position while holding the local order block and the support zone within the correction).
TP (Take Profit): $0.2300 – $0.2450 (target for updating local highs and testing the upper liquidity boundary).
SL (Stop Loss): $0.2080 (set below the lower boundary of the order block; a close below this level will break the bullish structure).
💬 Are you entering with a limit order from the order block, or waiting for confirmation on the 1-minute charts? Share your thoughts in the comments! 👇
#BinanceSquare #Cardano #ADA #cryptotrading #smartmoney