ADA/USDT Intraday Trading Strategy
Current Price: 1.204 USDT
Period: 1 Day
Long Position Strategy
Entry Price: 1.180 - 1.200 USDT
Take Profit Price: 1.280 - 1.300 USDT
Stop Loss Price: 1.150 USDT
Strategy Logic:
From the chart observation, ADA/USDT is in a strong upward trend on the daily and 4-hour lines, but the 1-hour line shows a short-term pullback demand. The RSI indicator has retreated from the overbought area to the neutral zone, while the trading volume has slightly decreased after an increase, indicating a market adjustment signal at high levels. In the EMA moving average system, the price remains above EMA(25) and EMA(7), showing strong support. A pullback to the support range of 1.180 - 1.200 can be considered for long position layout.
Short Position Strategy
Entry Price: 1.300 - 1.320 USDT
Take Profit Price: 1.200 - 1.180 USDT
Stop Loss Price: 1.340 USDT
Strategy Logic:
The daily RSI is in the overbought range at 87, with momentum decay signals on both the 1-hour and 4-hour lines, and the trading volume has not continued to expand. If the price rebounds to the resistance area of 1.300 - 1.320 and faces resistance, a short position can be considered, targeting a pullback to the support area of 1.200 - 1.180.
Please adjust take profit and stop loss in a timely manner based on market dynamics, and strictly execute the trading plan to control risk! $ADA