๐ $ADX /USDT Technical Analysis: Bullish Momentum Taking Shape!
$ADX /USDT is trading at $0.2828 (+8.98%), showing strong recovery from the 24h low of $0.2500. The price recently tested the $0.2920 resistance, signaling buyers' interest and setting up for a potential breakout. Hereโs a detailed look at key levels and targets.
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๐ Key Levels to Watch
1. Resistance Levels (Targets):
Target 1: $0.2850 โ Immediate resistance; a breakout here confirms short-term momentum.
Target 2: $0.2920 โ 24h high and significant breakout level to watch.
Target 3: $0.3000 โ Psychological resistance, indicating strong upside potential.
2. Support Levels:
Support 1: $0.2750 โ Immediate support level to hold the bullish structure.
Support 2: $0.2650 โ Deeper support where buyers may step in for a rebound.
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๐ Market Insights
Volume: ADX recorded 41.36M in 24h trading volume, reflecting increased trader activity.
Trend Structure: Higher lows and continued pushes to resistance suggest a bullish trend.
Breakout Potential: Watch for volume confirmation above $0.2850 to trigger further upside.
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๐ฏ Trading Strategy
Entry Zone: $0.2780 - $0.2850
Targets: $0.2850 / $0.2920 / $0.3000
Stop Loss: Below $0.2700
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โ ๏ธ Risk Management Tip
Monitor for volume and price action around $0.2850. A breakout above resistance with increasing volume indicates strong momentum toward the next targets.
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ADX/USDT is showing bullish signalsโstay focused and trade smart on Binance!
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