sup fellas, it's been a long time since I posted on binance square.
If you take a look at the $ADA 4-hour chart, there’s a pretty interesting move happening! After a period of consolidation, $ADA managed to break out of the downtrend line and a key resistance area around $0.2330
Right now, the price is creeping up toward $0.25. But remember, don’t just jump in out of FOMO at the peak! waits for a retest or dip into the demand zone before the next pump.
Entry : 0.2250 - 0.2330
TP 1 : 0.2600
TP 2 : 0.2850
TP 3 : 0.3000
SL : 0.2180 - 0.2150
Thesis & Catalyst:
1. Breakout & Retest: The breakout of the downtrend line is confirmed by fairly solid volume.
2. Clear Invalidation Point: If the price falls back below $0.2180 and the 4-hour candle closes below that level, this bullish scenario is considered invalid.
Trade $ADA 👇
If you take a look at the $ADA 4-hour chart, there’s a pretty interesting move happening! After a period of consolidation, $ADA managed to break out of the downtrend line and a key resistance area around $0.2330
Right now, the price is creeping up toward $0.25. But remember, don’t just jump in out of FOMO at the peak! waits for a retest or dip into the demand zone before the next pump.
Entry : 0.2250 - 0.2330
TP 1 : 0.2600
TP 2 : 0.2850
TP 3 : 0.3000
SL : 0.2180 - 0.2150
Thesis & Catalyst:
1. Breakout & Retest: The breakout of the downtrend line is confirmed by fairly solid volume.
2. Clear Invalidation Point: If the price falls back below $0.2180 and the 4-hour candle closes below that level, this bullish scenario is considered invalid.
Trade $ADA 👇