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ADA / USDT
- ADA is forming what many see as a bullish reversal setup. Signs include falling wedge or maybe cup-and-handle or higher lows. - Key levels: $0.86-$0.90 as major resistance to reclaim. These would be needed to flip momentum. - Support around $0.80 relies on staying above that zone. If that fails, downside is more likely.
Trade setup: — Entry: Buy near current levels (if ADA is ~$0.86-$0.90) OR better entry on pullback toward ~$0.80 if you can risk waiting — Stop-loss: ~5-8% below entry; e.g. if entry at $0.90, SL ~$0.82; if entry at ~$0.80, SL ~$0.73 — Take-profits: • TP1: ~$1.05–$1.10 • TP2: ~$1.20-$1.30 if breakout above $1 holds and market favorable — Time horizon: ~3-4 days, maybe up to 5 depending on strength of breakout
Risk / Reward: — Entry at $0.90 with SL $0.82 = ~8.9% risk; TP1 to $1.10 is ~22% gain ⇒ ~2.4× reward/risk. Very nice. TP2 gives more but more resistance ahead. — But ADA tends to move slower; risk of stall around $1 resistance. — Less risky than chasing after huge levels immediately.