🚀 ADA Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 0.3550 - 0.3670
SL: 0.3450
TP1–TP3: 0.4110 / 0.4430 / 0.5000
Technical Analysis:
The analysis on the daily timeframe indicates a potential bullish reversal. The price has found support near the lower Bollinger Band (currently at 0.3506) and has printed a strong green candle, suggesting a rejection of lower prices. This consolidation above the recent swing low of 0.3463 signifies a potential bottoming formation. The MACD histogram is showing a reduction in bearish momentum as it approaches the zero line. Confirmation of this bullish setup would be a sustained hold above the entry range and a break above the EMA(7) at 0.3795.
Invalidation:
Only a break below 0.3450 would invalidate this bullish outlook.
ADAUSDT
Perp
0.3674
-0.08%