$ADA – Price testing MA99 support as selling momentum fades
Trading Plan Long $ADA
Entry: 0.2575 – 0.2595
SL: 0.2535
TP: 0.2645
TP: 0.2695
TP: 0.2740
Price is currently testing the MA99 area, which has been acting as dynamic support. The recent pullback pushed RSI into oversold territory and selling momentum appears to be slowing down.
When price stabilizes around key moving averages after a correction, it often leads to a relief bounce as buyers step back into the market.
If the support holds, a move back toward the recent resistance zone becomes increasingly likely.
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