Trading Signal Alert for $ADA /USDT

Time Frame: 1-Hour Chart

Current Price: $1.0912

Overview

The ADA/USDT pair is showing signs of upward momentum, with a +3.76% increase in the last 24 hours. The price reached a 24-hour high of $1.1498 before consolidating near the $1.09 zone. The RSI at 56.16 suggests mild bullish momentum but with caution as it's nearing a neutral zone.

Trade Setup

Entry Price: $1.0900 - $1.0950

Support Levels: $1.0718, $1.0433

Resistance Levels: $1.1137, $1.1498

Take-Profit Targets

1. Target 1: $1.1200

2. Target 2: $1.1350

3. Target 3: $1.1500

Stop Loss

Set at: $1.0700

Cautionary Note

Watch for a breakout above $1.1150 or a failure to hold support at $1.0718. Ensure proper risk management and monitor volume for confirmation of trend continuation.

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