$ADA Trading Strategy
Entry Points:
Pullback Entry: Wait for a minor pullback toward the MA(25) or the $0.8110 support zone, then enter a long position if it shows a bullish reversal candle.
Breakout Entry: Enter if ADA breaks above the $0.8484 resistance with strong volume confirmation.
Stop-Loss Placement:
Set a stop-loss below the $0.8110 support or MA(25) to minimize losses in case of a reversal.
For breakout trades, place the stop-loss slightly below the breakout level, e.g., $0.84.
Take-Profit Targets:
First Target: $0.85 (psychological level above the current high).
Second Target: $0.90, based on Fibonacci extensions or previous resistance levels.
Support levels: $0.8110 (MA25) and $0.7629 (MA99).
Resistance levels: $0.8484 (24h high).
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