🧧Technical analysis $ADA upcoming time🧧

💥Price trend:

ADA price has had a strong increase from around $0.30 to nearly $0.85. Currently, the price is slightly adjusting after reaching a peak of $0.845. The price structure remains in an upward trend, but caution is needed as there are signals of a short-term adjustment.

🧧RSI:

The current RSI is 56.32, in the neutral zone (50-70). The EMA line of the RSI (yellow) is at 61.51, indicating that the upward momentum has weakened but has not fallen into the overbought zone (below 50).

🧧Support and resistance levels:

Nearest support: $0.70 (strong support zone in an upward trend). Nearest resistance: $0.82 (nearest peak).

Trading volume:

Based on the candlestick chart, the trading volume seems to be gradually decreasing, indicating that the upward momentum is weakening and the possibility of adjustment or accumulation is high.

🧧Trading plan:

💥Buy strategy (long):

Entry point: Wait for the price to adjust to the support zone of $0.70-$0.72 before entering a buy order.

Stop loss: Set below $0.68 (breaking an important support).

Take profit: $0.80-$0.84 (previous peak).

💥Sell strategy (short):

If the price cannot hold the support at $0.70, a sell position can be opened when the price breaks down to $0.68. Stop loss: Set above $0.72. Take profit: $0.62 (next support zone).

🔥Capital management:

Risk per order should be within 1-2% of total investment capital. Do not enter an order when RSI touches the 50 zone, as this is a period of unclear trend fluctuations.

🔥Note:

Monitor developments in the crypto market and news affecting ADA (for example: announcements from the Cardano Foundation or system upgrade events). The 4H frame is medium-term, and it is necessary to combine monitoring the 1D frame to confirm a longer trend.