$ADA /USDT Analysis: Price at 1.1004 – Key Levels to Watch
$ADA /USDT is trading at 1.1004, experiencing notable volatility as it navigates key price zones. Traders are eyeing important support and resistance levels that could signal the next big move in this pair.
📊 Trade Scenarios:
Bullish Scenario:
Entry: 1.1100 (breakout above resistance)
Take Profit (TP 1): 1.1500
Take Profit (TP 2): 1.2000
Stop Loss (SL): 1.0800
Bearish Scenario:
Entry: 1.0800 (on breakdown or rejection at key levels)
Take Profit (TP 1): 1.0400
Take Profit (TP 2): 1.0000
Stop Loss (SL): 1.1200
📈 Key Resistance Levels:
1.1200
1.1500
📉 Key Support Levels:
1.0800
1.0400
📌 Market Insight:
At 1.1004, ADA is showing potential for upward movement if it breaks through 1.1200 resistance. If this happens, we could see prices pushing towards 1.1500 and potentially 1.2000. However, if the price struggles to hold above 1.1000, we may see a retracement back to 1.0800 and possibly lower, with support at 1.0400.
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