$ADA โ 1H ๐
ADA is sitting just under the local highโฆ but is $0.2545 really the level to watch now?
The 1H structure is looking healthy. ADA has moved from 0.2238 โ 0.2545, while the Supertrend remains green at 0.2374. Price is consolidating near the highs instead of giving back the whole move.
Key levels:
โข Resistance: 0.2545 โ 0.2561
โข Support: 0.2486 โ 0.2411 โ 0.2374
๐ข Long idea: 0.247โ0.250 on a clean retest
๐ SL: 0.240
๐ฏ TP: 0.2545 โ 0.260 โ 0.270
The interesting part is 0.2486. If buyers keep defending that area, ADA can make another attempt at 0.2545. A clean 1H close above 0.2545 would give the next continuation confirmation.
The order book is almost perfectly balanced at 50.86% bids, so Iโd rather wait for confirmation than chase the current candle.
Recent daily data also shows ADA closing around $0.245 on Sept. 21, after a strong move from roughly $0.20 earlier in the week.
Bias: bullish above 0.2374, with 0.2545 as the key breakout level.
#Write2Earn
ADA is sitting just under the local highโฆ but is $0.2545 really the level to watch now?
The 1H structure is looking healthy. ADA has moved from 0.2238 โ 0.2545, while the Supertrend remains green at 0.2374. Price is consolidating near the highs instead of giving back the whole move.
Key levels:
โข Resistance: 0.2545 โ 0.2561
โข Support: 0.2486 โ 0.2411 โ 0.2374
๐ข Long idea: 0.247โ0.250 on a clean retest
๐ SL: 0.240
๐ฏ TP: 0.2545 โ 0.260 โ 0.270
The interesting part is 0.2486. If buyers keep defending that area, ADA can make another attempt at 0.2545. A clean 1H close above 0.2545 would give the next continuation confirmation.
The order book is almost perfectly balanced at 50.86% bids, so Iโd rather wait for confirmation than chase the current candle.
Recent daily data also shows ADA closing around $0.245 on Sept. 21, after a strong move from roughly $0.20 earlier in the week.
Bias: bullish above 0.2374, with 0.2545 as the key breakout level.
#Write2Earn
