🔍 ADA/USDT Analysis – Dual Scenario Setup (BUY & SELL)
Currently, ADA is ranging between major supply and demand zones. Two clear scenarios are in play depending on how price reacts to key levels:
📈 Bullish Scenario (Long):
Entry: On breakout and confirmation above $0.6027
Target: $0.869 (major resistance zone)
Stop Loss: Below $0.523
Trigger: Break of descending trendline and solid structure above $0.6027
📉 Bearish Scenario (Short):
Entry: Around $0.5120 (rejection from supply zone)
Target: $0.315 (strong demand zone)
Stop Loss: Above $0.6027
Trigger: Failed breakout and rejection from $0.5120 level, with confirmation below it
📌 Based on the descending channel structure, this might have been the final leg of the downtrend, and a reversal to the upside could be underway. However, for confirmation, we prefer to wait for stronger price action signals before fully committing.
🛑 Always use risk management. Market remains bearish until proven otherwise.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.