$ADA /USDT Tacnical Analysis and trading signal 🚀🚀🚀🚀🚀🚀

Technical Overview:

24h High: 1.1210 USDT

24h Low: 1.0474 USDT

24h Price Change: -1.87%

SAR (Stop and Reverse): 1.0739 USDT (bullish reversal potential)

Support and Resistance Levels:

Support: 1.0474 USDT (Key level, bounce potential)

Resistance: 1.1210 USDT (Key level, price rejection point)

Trade Signal: Buy Near Support / Sell Near Resistance

Entry Level: Buy around 1.0500-1.0550 USDT (near support)

Stop Loss: Place below 1.0470 USDT (protecting from downside risk)

Take Profit Targets:

1. Target 1: 1.0850 USDT (First resistance level)

2. Target 2: 1.1000 USDT (Mid-range resistance)

3. Target 3: 1.1200 USDT (Key resistance level)

Momentum Analysis:

Short-Term Momentum: Bearish in the 24h chart, as the price is below the SAR value of 1.0739, but a bounce from support could trigger a bullish correction.

Mid-Term Momentum: Neutral to slightly bullish if the price manages to break above 1.0739 USDT, targeting 1.1000-1.1200 USDT.

Long-Term Momentum: Depends on sustained buying pressure. If the price holds above 1.0739, the next phase could see further bullish momentum.

Trade Execution:

Bullish Confirmation: If ADA price breaks and holds above 1.0739, buy with targets towards 1.1000 and 1.1200.

Bearish Confirmation: If ADA drops below 1.0470, consider shorting with a target back towards 1.0200.

Summary:

A cautious buy near support around 1.0500, aiming for 1.0850-1.1200 targets, but watch for a break below 1.0470 to avoid further losses.

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