Cardano is now sitting directly at strong support ($0.6754), inside a high-interest demand zone, highlighted in orange. This zone has consistently provided price reactions — a clear battleground between buyers and sellers.
What’s Happening?
Demand Zone (Orange): Price is currently reacting to a low-volume pocket, suggesting the potential for a short-term bounce or reversal.
Previous Reaction Levels: ADA saw strong pushes from this zone multiple times. Bulls have defended this level in late April and early May.
Resistance Targets:
$0.7058: Mid-range resistance
$0.7274: Major supply zone and high volume node (watch for rejection or breakout here)
Supply Zone (Blue): Bears have consistently sold into this level; a clean break here may send ADA above $0.75.
Trade Plan:
Long Entry Idea: Watch for bullish confirmation (engulfing, pin bar, or volume spike) around $0.675
Take Profit Targets:
TP1: $0.705
TP2: $0.727
Invalidation Zone: Clean break and hold below $0.674
Sentiment:
Scalpers and intraday traders should keep a close eye on this bounce zone. If bulls show strength, this could be a textbook range trade from demand to supply.
Are you buying the dip or waiting for more downside? Drop your strategy in the comments!
Like and follow for more precise demand/supply breakdowns!
#ADA #Cardano #CryptoTrading #Scalping #SmartMoney #LuxAlgo #SupplyDemand #Altcoins #TradingView
What’s Happening?
Demand Zone (Orange): Price is currently reacting to a low-volume pocket, suggesting the potential for a short-term bounce or reversal.
Previous Reaction Levels: ADA saw strong pushes from this zone multiple times. Bulls have defended this level in late April and early May.
Resistance Targets:
$0.7058: Mid-range resistance
$0.7274: Major supply zone and high volume node (watch for rejection or breakout here)
Supply Zone (Blue): Bears have consistently sold into this level; a clean break here may send ADA above $0.75.
Trade Plan:
Long Entry Idea: Watch for bullish confirmation (engulfing, pin bar, or volume spike) around $0.675
Take Profit Targets:
TP1: $0.705
TP2: $0.727
Invalidation Zone: Clean break and hold below $0.674
Sentiment:
Scalpers and intraday traders should keep a close eye on this bounce zone. If bulls show strength, this could be a textbook range trade from demand to supply.
Are you buying the dip or waiting for more downside? Drop your strategy in the comments!
Like and follow for more precise demand/supply breakdowns!
#ADA #Cardano #CryptoTrading #Scalping #SmartMoney #LuxAlgo #SupplyDemand #Altcoins #TradingView
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