⚡ CARDANO LOOKS FOR A FLOOR: DO WE BOUNCE OR DOES ANOTHER PULLBACK COME?
Cardano ($0.2374) had a quick drop after touching $0.2623, losing the MA7 line ($0.2477) and ending up slightly below the MA25 ($0.2396). Right now, the price is trying to slow down the decline in the $0.2334 area. If we look at the full chart, the rise from $0.1903 is still there, but in the short term it’s the sellers who are in control until we manage to reclaim $0.2400.
🔹 Asset: $ADA (4H)
🟢 LONG PLAN (BUY):
Entry Zone: $0.2330 – $0.2370 USDT (Looking for a bounce near the current support)
Stop Loss (SL): $0.2260 USDT (Protection below the defensive level)
TP1: $0.2477 USDT (First target to get back to the MA7)
TP2: $0.2580 USDT (Resistance area before the high)
TP3: $0.2623 USDT (Try again for the move’s high)
🔴 SHORT PLAN (SELL / HEDGE):
Entry Trigger: A 4H candle close below $0.2330 USDT or if it’s rejected hard when trying to move up to $0.2396.
Stop Loss (SL): $0.2480 USDT
TP1: $0.2250 USDT
TP2: $0.2176 USDT (Direct retest to the MA99)
🛡️ EASY AND DIRECT RISK MANAGEMENT:
1% Rule: Adjust the size of your ADA order so that, if the Stop Loss is hit, the loss doesn’t exceed 1% of your total balance.
Stop Loss Placed Immediately: Set the Stop Loss at $0.2260 USDT right when the position is opened.
Risk-Free Mode (Break-Even): As soon as the price reaches TP1 ($0.2477 USDT), sell half (50%) and move the Stop Loss exactly to your entry price. This locks in profits and risks nothing.
⚡ IN SUMMARY: Trading at $0.2374,$ADA needs to hold—no matter what—the $0.2330–$0.2370 range to catch its breath and look for a recovery toward $0.2477 and $0.2623. If it breaks $0.2330 downward, the chart would signal a deeper move toward $0.2176 (MA99).
Cardano ($0.2374) had a quick drop after touching $0.2623, losing the MA7 line ($0.2477) and ending up slightly below the MA25 ($0.2396). Right now, the price is trying to slow down the decline in the $0.2334 area. If we look at the full chart, the rise from $0.1903 is still there, but in the short term it’s the sellers who are in control until we manage to reclaim $0.2400.
🔹 Asset: $ADA (4H)
🟢 LONG PLAN (BUY):
Entry Zone: $0.2330 – $0.2370 USDT (Looking for a bounce near the current support)
Stop Loss (SL): $0.2260 USDT (Protection below the defensive level)
TP1: $0.2477 USDT (First target to get back to the MA7)
TP2: $0.2580 USDT (Resistance area before the high)
TP3: $0.2623 USDT (Try again for the move’s high)
🔴 SHORT PLAN (SELL / HEDGE):
Entry Trigger: A 4H candle close below $0.2330 USDT or if it’s rejected hard when trying to move up to $0.2396.
Stop Loss (SL): $0.2480 USDT
TP1: $0.2250 USDT
TP2: $0.2176 USDT (Direct retest to the MA99)
🛡️ EASY AND DIRECT RISK MANAGEMENT:
1% Rule: Adjust the size of your ADA order so that, if the Stop Loss is hit, the loss doesn’t exceed 1% of your total balance.
Stop Loss Placed Immediately: Set the Stop Loss at $0.2260 USDT right when the position is opened.
Risk-Free Mode (Break-Even): As soon as the price reaches TP1 ($0.2477 USDT), sell half (50%) and move the Stop Loss exactly to your entry price. This locks in profits and risks nothing.
⚡ IN SUMMARY: Trading at $0.2374,$ADA needs to hold—no matter what—the $0.2330–$0.2370 range to catch its breath and look for a recovery toward $0.2477 and $0.2623. If it breaks $0.2330 downward, the chart would signal a deeper move toward $0.2176 (MA99).
