$ADA — BULLISH RECOVERY OR TRAP?
ADA bounced hard from $0.2010 and is now testing $0.2070 resistance after heavy selling. Buyers are recovering, but volume is fading confirmation matters.
Entry: $0.2065–$0.2070 TP1: $0.2080 TP2: $0.2100 TP3: $0.2140 Stop Loss: $0.2040
My take: I’d consider an early LONG only if support holds, with a tight invalidation. A clean break above $0.2070 could open the next move, but rejection risks another drop.
Who's taking this trade with me?
ADA bounced hard from $0.2010 and is now testing $0.2070 resistance after heavy selling. Buyers are recovering, but volume is fading confirmation matters.
Entry: $0.2065–$0.2070 TP1: $0.2080 TP2: $0.2100 TP3: $0.2140 Stop Loss: $0.2040
My take: I’d consider an early LONG only if support holds, with a tight invalidation. A clean break above $0.2070 could open the next move, but rejection risks another drop.
Who's taking this trade with me?