$ADA
/USDT Technical Analysis and Trade Strategies 🚀 🎯
Current Price: $1.07
24h High: $1.1911
24h Low: $1.0557
Bollinger Bands:
Upper: $1.1666
Middle (MA): $1.1063
Lower: $1.0460
Parabolic SAR: $1.1051
Key Support and Resistance Levels
Support Levels:
Primary Support: $1.0557 (24h Low) – A crucial level to watch for any breakdown.
Secondary Support: $1.0460 (Lower Bollinger Band) – Could provide additional support in case of a deeper retracement.
Resistance Levels:
Primary Resistance: $1.1666 (Upper Bollinger Band) – A key target for any upward move.
Secondary Resistance: $1.1911 (24h High) – Could be a target if price breaks above the upper Bollinger Band.
Trade Strategies with Target Keys 🎯
1. Long Trade Strategy (Bullish Momentum)
Entry: Buy around $1.065–$1.075 (near the middle of the Bollinger Bands and above the Parabolic SAR).
Target 🎯 1: $1.105–$1.11 (Middle Bollinger Band).
Target 🎯 2: $1.15 (next resistance zone).
Target 🎯 3: $1.17–$1.19 (Upper Bollinger Band and 24h High).
Stop Loss: Set a stop loss just below $1.05 (below lower Bollinger Band), around $1.045.
Momentum: Watch for an upward break from $1.105 (SAR support), signaling continuation of bullish momentum.
2. Short Trade Strategy (Bearish Momentum)
Entry: Short below $1.05 (if the price breaks below the Parabolic SAR and lower Bollinger Band).
Target 🎯 1: $1.03 (next immediate support).
Target 🎯 2: $1.00 (round psychological level).
Target 🎯 3: $0.95 (stronger support zone).
Stop Loss: Set a stop loss at $1.08 (above middle Bollinger Band and SAR).
Momentum: Look for a bearish signal below the Parabolic SAR to confirm the momentum shift downward.
3. Range-Bound Strategy (Consolidation)
Entry: Buy near the $1.05–$1.065 support or sell near $1.15–$1.17 resistance.
Target 🎯 1: $1.10 (Middle Bollinger Band or previous resistance).
Target 🎯 2: $1.14–$1.16 (next resistance zone).
Stop Loss: For long positions, below $1.05; for shorts, above $1.17.