$ADA / USDT — Spot Long Setup
$ADA is currently trading within a descending channel on the 1H timeframe, and price is sitting right near the lower boundary of this structure. This area typically acts as a decision zone, where we often see either a technical bounce or at least a short-term upside reaction before the next directional move.
The RSI is approaching its lower range, which historically aligns with relief moves and short-term recoveries. While momentum isn’t strong enough to suggest a major breakout yet, conditions do favor a potential bounce if support continues to hold.
The 0.3350 support zone remains a key level. Buyers have consistently stepped in around this area, and as long as price stays above it, downside pressure appears limited. This makes upside attempts toward higher levels reasonable.
Price is also hovering around the 100-period moving average, which often acts as a dynamic support/resistance during consolidation phases. Holding above this MA increases the probability of a move back toward the upper side of the channel.
Trade Plan (Spot):
• Entry: Around 0.3606
• Targets: 0.3676 → 0.3765 → 0.3873
• Stop Loss: Below 0.3350
No need to rush the trade. Let price confirm the reaction at support — if it holds, the bounce setup remains valid. If support fails, it’s better to stay patient and wait for the next high-probability opportunity.
