【Just finished watching the ADA chart, this structure really feels comfortable🚀】
I monitored ADA for a while during the trading session, and the structure is more stable than I imagined. This wave of consolidation truly makes me feel quite comfortable, with the RSI at 46.9. Although it is not particularly strong, it is not too weak either; it feels a bit like it is accumulating strength in preparation for a breakout.
My personal plan is to keep an eye on these key levels.
From a technical perspective, I think the current price level of ADA at $0.368064 still has quite a bit of potential. The key support is at $0.353300, and if this level can hold, the probability of a subsequent upward breakout increases significantly. Moreover, as you can see, the key resistance level is at $0.382800. Once it breaks above $0.377300, it could very well be a little rocket 🚀!
I am personally leaning bullish, and the reason is simple: First, the recent consolidation looks like it is preparing for the next upward move; second, with the RSI at 46.9, although not considered oversold, it indicates that market sentiment is not yet overheated and there is still room for growth. In this situation, I am more inclined to believe that the market will bring us some surprises.
The changes in the order book are worth noting.
My plan is as follows: I will closely monitor this level. If the price can smoothly break above $0.377300, I will consider tentatively increasing my position, as the likelihood of upward movement after this level is quite high. Of course, if it breaks below the key support at $0.353300, then I will have to cut losses, as risk control is always the top priority. In summary, during this period, I will stay alert and be ready to act. Let's all do our best, brothers! 🔥💪
What do you think about this level, brothers?
I hope my analysis helps everyone, and feel free to leave comments for discussion. Let's explore together. Wishing everyone can make profits in this wave of market! 💰🐶
📈 Key Price Levels:
• Support Level: $0.353300
• Resistance Level: $0.382800
• Breakout Level: $0.377300
• Current Price: $0.368064
⚠️ Disclaimer: The above is personal technical analysis for reference only and does not constitute investment advice.
