$ADA: Liquidation Squeeze: Bears Trapped Near Critical Resistance
LONG SETUP ADA
Entry: $0.24550 - $0.24650
Stop Loss: $0.23700
Take Profit: $0.26400 (2R)
Key Levels: Support $0.24490 | Resistance $0.24870
Technical Analysis for $ADA: Price sits just below the 1hour resistance at 0.2487, holding above all shortterm EMAs (9, 21, 50) and the 200EMA, indicating bullish bias. MACD histogram is positive and RSI at 63 supports momentum; stochastic sits in the uppermid range. ADX is low, showing a weak trend. A pullback toward 0.2449 support could offer a cleaner entry; a break above 0.2487
Market Context: BTC remains in a bullish 4hour and daily trend, trading above its 20 and 50EMA, while the broader market is broadly positive
Can $ADA hold support and challenge resistance? Follow for more data-led market setups.
LONG $ADA
LONG SETUP ADA
Entry: $0.24550 - $0.24650
Stop Loss: $0.23700
Take Profit: $0.26400 (2R)
Key Levels: Support $0.24490 | Resistance $0.24870
Technical Analysis for $ADA: Price sits just below the 1hour resistance at 0.2487, holding above all shortterm EMAs (9, 21, 50) and the 200EMA, indicating bullish bias. MACD histogram is positive and RSI at 63 supports momentum; stochastic sits in the uppermid range. ADX is low, showing a weak trend. A pullback toward 0.2449 support could offer a cleaner entry; a break above 0.2487
Market Context: BTC remains in a bullish 4hour and daily trend, trading above its 20 and 50EMA, while the broader market is broadly positive
Can $ADA hold support and challenge resistance? Follow for more data-led market setups.
LONG $ADA
