Trading Signals for $ADA Cardano:
Action:
Long Position
Short Position
Entry Range:
Long: $0.875 - $0.890
Short: $0.835 - $0.820
TP:
Long: $0.920 - $0.975.
Short: $0.805 - $0.780.
Cardano (ADA) has shown a modest 24-hour price fluctuation (0.09%), signaling potential consolidation within the $0.835 - $0.8962 range. This zone aligns with key Fibonacci retracement levels and historical resistance/support points. The 24-hour trading volume ($977.28M) and high Vol/Mkt Cap ratio (3.25%) indicate sufficient liquidity for scalping strategies.
A bullish breakout above $0.890 could open the door for a quick long trade to capitalize on momentum towards $0.920 or higher.
Conversely, a bearish break below $0.835 could signal an opportunity for a short trade as the price heads toward $0.805.
Monitor RSI and MACD for confirmation of momentum shifts before entering positions.
🥂 Trade Here 👇$ADA
🚨 Note: Trade at your own risk. DYOR.
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