A lot of folks keep asking me why I’m overlooking $ADA while the market is dancing like crazy right now? Honestly, looking at its chart right now feels like it’s 'standing in the midst of a chaotic life', it’s not exactly boring, but for it to be considered a strong PUMP, it needs a little push.
Let me break down for you guys whether this setup is tough or sweet like ripe jackfruit:
🔹 Looking at the 15-minute chart: The price is hovering around 0.1727, closely tracking the EMA(9) at 0.1719 and the MA(20) at 0.1712. This indicates that the short-term buying pressure is still trying to hold the rhythm, with no signs of a dump back to previous price levels.
🔹 On the 1-hour chart: The technical structure shows that the range of 0.1708 - 0.1711 is serving as a crucial 'support base'. As long as $ADA doesn’t break this level during the US session, there’s a high likelihood it will test the resistance above again.
Speaking from real trading experience, I don’t like to fomo in those floating zones. I need something more concrete, or a strong shake to scoop up cheap goods. My personal setup for this asset is as follows:
🎯 Position: LONG
🎯 Entry: Around the 0.1705 - 0.1710 zone (Waiting for it to test the 1-hour MA support)
🎯 TP: 0.1780 - 0.1820
🎯 SL: 0.1685 (If it breaks this level, the short-term bullish structure is lost, better bail out)
Don’t let the gentle green right now blind you and jump in at the peak when it’s stalling. Trading is a game of patience, not a race to see who can place their orders faster.
What do you think, with this momentum will $ADA break the old high of $0.18 tonight or will it turn back to test the solid support?
#CryptoTrading #Altcoin #MarketUpdate
Note: This is a personal view, not investment advice. Trading always carries risks (DYOR).
Let me break down for you guys whether this setup is tough or sweet like ripe jackfruit:
🔹 Looking at the 15-minute chart: The price is hovering around 0.1727, closely tracking the EMA(9) at 0.1719 and the MA(20) at 0.1712. This indicates that the short-term buying pressure is still trying to hold the rhythm, with no signs of a dump back to previous price levels.
🔹 On the 1-hour chart: The technical structure shows that the range of 0.1708 - 0.1711 is serving as a crucial 'support base'. As long as $ADA doesn’t break this level during the US session, there’s a high likelihood it will test the resistance above again.
Speaking from real trading experience, I don’t like to fomo in those floating zones. I need something more concrete, or a strong shake to scoop up cheap goods. My personal setup for this asset is as follows:
🎯 Position: LONG
🎯 Entry: Around the 0.1705 - 0.1710 zone (Waiting for it to test the 1-hour MA support)
🎯 TP: 0.1780 - 0.1820
🎯 SL: 0.1685 (If it breaks this level, the short-term bullish structure is lost, better bail out)
Don’t let the gentle green right now blind you and jump in at the peak when it’s stalling. Trading is a game of patience, not a race to see who can place their orders faster.
What do you think, with this momentum will $ADA break the old high of $0.18 tonight or will it turn back to test the solid support?
#CryptoTrading #Altcoin #MarketUpdate
Note: This is a personal view, not investment advice. Trading always carries risks (DYOR).