$ADA Long buy trade watch: price at 0.177 on the 4-hour timeframe. Buyers need to defend this zone.
I'm watching the 0.177 level closely. Buyers need to hold this level for a potential bounce. I'm waiting to see how price reacts here.
What I have:
- 4-hour price at 0.177, below the EMA50 at 0.182, and the trend is still against us
- Distance to stop loss is 1.7%, and to the third target TP3 is 2.8%, giving a return of 1.7R if TP3 is reached
- BTC trend is bullish in the short term, which may help support ADA
Entry 0.17700000–0.17700000 (buy)
Targets 0.17900000 → 0.18000000 → 0.18200000
Scenario invalidation 0.17400000
Will buyers step in or not?
I'm watching the 0.177 level closely. Buyers need to hold this level for a potential bounce. I'm waiting to see how price reacts here.
What I have:
- 4-hour price at 0.177, below the EMA50 at 0.182, and the trend is still against us
- Distance to stop loss is 1.7%, and to the third target TP3 is 2.8%, giving a return of 1.7R if TP3 is reached
- BTC trend is bullish in the short term, which may help support ADA
Entry 0.17700000–0.17700000 (buy)
Targets 0.17900000 → 0.18000000 → 0.18200000
Scenario invalidation 0.17400000
Will buyers step in or not?