๐จ $ADA /USDT ALERT: Key Retracement Zone โ Whatโs Next? ๐จ
$ADA is trading at 0.7972, down by 4.13%, retracing after reaching a recent high of 0.8435. With support and resistance levels being tested, the next move could be pivotal.
๐ Key Levels to Watch:
๐ผ Resistance: 0.8300 โ A breakout above this level could target 0.8700, 0.9100, and 0.9500.
๐ฝ Support: 0.7650 โ A drop below could see ADA test 0.7300, 0.7000, and 0.6700.
๐ฏ Trade Setup:
โข Long Entry: Above 0.8300, targeting 0.8700, 0.9100, and 0.9500.
โข Short Entry: Below 0.7650, aiming for 0.7300, 0.7000, and 0.6700.
โข Stop Loss: Long: 0.7800 | Short: 0.8100
โก Market Insight: ADAโs retracement could indicate a correction or consolidation phase. Volume and momentum will be critical in determining the direction of the next big move.