🚀 $ADA
LONG SETUP 🚀
ADA ripped off the sharp drop to $0.2235 and has now reclaimed its 99 MA, with the 25 MA curling up underneath. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $0.2495 – $0.2520
TP1: $0.2590
TP2: $0.2660
TP3: $0.2740
SL: $0.2440
🔺 Why ADA is on watch:
Price ($0.2540) is above the 7 MA ($0.2547 is just overhead), the 25 MA ($0.2501) and the 99 MA ($0.2492), so it is the only chart of the batch trading above all three The structure shows higher lows since the wick to $0.2235, and the 25 MA is now crossing up through the 99 MA, an early sign the downtrend off $0.2825 is easing The breakout candle off the base was strong, and the pullback since then is small and orderly, a sign of consolidation, not distribution The 25 MA ($0.2501) and the 99 MA ($0.2492) are the dip-buy zone. A 1H close under $0.2465 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
#ADA #Cardano #cryptotrading
LONG SETUP 🚀
ADA ripped off the sharp drop to $0.2235 and has now reclaimed its 99 MA, with the 25 MA curling up underneath. I’m watching for a long on a dip into the support cluster, not chasing the current candle. 📈
Entry: $0.2495 – $0.2520
TP1: $0.2590
TP2: $0.2660
TP3: $0.2740
SL: $0.2440
🔺 Why ADA is on watch:
Price ($0.2540) is above the 7 MA ($0.2547 is just overhead), the 25 MA ($0.2501) and the 99 MA ($0.2492), so it is the only chart of the batch trading above all three The structure shows higher lows since the wick to $0.2235, and the 25 MA is now crossing up through the 99 MA, an early sign the downtrend off $0.2825 is easing The breakout candle off the base was strong, and the pullback since then is small and orderly, a sign of consolidation, not distribution The 25 MA ($0.2501) and the 99 MA ($0.2492) are the dip-buy zone. A 1H close under $0.2465 would invalidate the setup.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!
#ADA #Cardano #cryptotrading