I’m looking at $ADA /USDT around 0.2047, and the short-term structure looks soft to me. Price pushed up toward the 0.2054 area, got rejected, then dropped back toward 0.2046 before a small bounce.
For me, the key area now is 0.2046–0.2047. I’d want to see price hold this zone and reclaim 0.2050 before considering the setup attractive. The visible MA60 sits around 0.2053 and is sloping downward, so that area could still act as resistance.
📍 Entry: 0.2047–0.2050
🎯 TP1: 0.2050
🎯 TP2: 0.2053
🎯 TP3: 0.2056
🛑 Invalidation: 0.2045
If price loses 0.2045, I’d step away from this setup because the recent bounce would be failing and the short-term weakness could continue.
I’m keeping this idea cautious because the chart is showing a relatively tight range and declining MA60. I’d rather see confirmation above 0.2050 than chase the current move.
For me, the key area now is 0.2046–0.2047. I’d want to see price hold this zone and reclaim 0.2050 before considering the setup attractive. The visible MA60 sits around 0.2053 and is sloping downward, so that area could still act as resistance.
📍 Entry: 0.2047–0.2050
🎯 TP1: 0.2050
🎯 TP2: 0.2053
🎯 TP3: 0.2056
🛑 Invalidation: 0.2045
If price loses 0.2045, I’d step away from this setup because the recent bounce would be failing and the short-term weakness could continue.
I’m keeping this idea cautious because the chart is showing a relatively tight range and declining MA60. I’d rather see confirmation above 0.2050 than chase the current move.
