ADA/USDT STILL HAS POTENTIAL IN THE COMING TIME FROM A TECHNICAL ANALYSIS PERSPECTIVE

1. Trend analysis:

🔥Clear uptrend: ADA price is making higher highs and higher lows, indicating a strong uptrend. RSI exceeds the overbought threshold (76.19): The RSI indicator is high, surpassing 70, which may indicate overbought conditions.

However, in a strong uptrend, a high RSI is not an immediate strong sell signal and may remain high for a long time. EMA support: The EMA lines on the RSI indicator are trending upwards, indicating that upward momentum is still very positive.

2. Trading plan:

🔥If you already have a buy order:

Trailing stop: Set a trailing stop to protect profits, you can use recent support levels like $0.90 or the dynamic EMA on the H4 timeframe.

Take profit: If the market continues to rise, set a target at the next resistance levels, such as $1.00 or higher (market sentiment may push the price beyond these levels).

🔥If you have not entered an order:

Wait for a correction: Since the RSI is high, you may wait for a correction to support levels like $0.90 - $0.92 before considering buying.

Entry point: If the price breaks strongly above $0.95 and continues to rise with large trading volume, you may consider a breakout buy. Stop loss: Set the stop loss below the nearest key support (e.g., $0.88).

3. Note:

Market news: Monitor news or major events that may impact the cryptocurrency market in general or ADA specifically. Risk management: Do not use more than 2-3% of total capital for a single trade.