🚨 Is it time to make a decision with $ADA ? A buying opportunity or more pain ahead? 🚨
After today's market correction, we find Cardano (ADA) trading around the $0.800 area after the price was rejected from the $0.9000 level.
As long as $ADA holds the $0.800 area, it remains in a strong position for a new attempt to break through $0.900,
but breaking this support could push the price to lower levels, so caution is required.
🧠 Why is the $0.800 area important?
💠 It represents the range of the previous monthly candle between $0.8072 – $0.8112
💠 There are several confluences in this area that make it one of the best potential buying zones
📊 Trade setup (for speculation or short-term buying)
Entry area: $0.8200 – $0.8070
Stop loss: Below $0.7800
First target: $0.8700
Second target: $0.9300
⚠️ Alert: Today there is a Powell speech, which may cause strong and rapid movements in the market.
Monitor the price closely and do not fall into the trap of excitement or misleading news.
Trade and buy Cardano from here $ADA
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