๐ $ADA /USDT LONG TRADE SIGNAL ๐
๐ TRADE SETUP
Entry Zone: 0.2850 โ 0.2970 ๐ข (Buying the dip near support)
Target 1 (TP1): 0.3150 ๐ฏ
Target 2 (TP2): 0.3500 ๐ฏ
Stop Loss (SL): 0.2680 ๐
๐ MARKET OUTLOOK
The current market sentiment is pinned in "Extreme Fear" (14), which historically often precedes a "relief rally" or local bottom. While $ADA /USDT has faced a heavy -25% monthly decline, it is currently testing a long-term support floor near $0.28โ$0.29.
Technically, the price is showing signs of localized accumulation after a 5% bounce from yesterday's lows. With the Protocol v11 Hard Fork and USDCX integration looming in February, the fundamental backdrop provides a potential "buy the rumor" catalyst for a recovery toward the $0.35 resistance zone. ๐
Risk Note: The broader market (Bitcoin) is still facing selling pressure from ETF outflows. Keep leverage low (3xโ5x) and watch for a confirmed break back above the MA60 for extra safety. ๐ก๏ธ
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