$ADA trading set-up was successful 🔥🔥🔥🔥

Trading set-up for $ADA in 15 minutes Timeframe 🚨🚨

1. Price: $ADA is trading at $1.0781, down by 2.15% over the last 24 hours.



2. Moving Averages:

MA(7) is at $1.0779 (close to current price, indicating consolidation).

MA(25) is at $1.0690 (uptrend from recent lows).

MA(99) is at $1.0683 (longer-term bullish momentum from the bounce near $1.0389).

3. 24H Range: High at $1.1030 and low at $1.0389.

4. Volume: Increased buy-side volume after the bounce at $1.0389, indicating potential accumulation.

🐥Key Levels:

✅Support:

$1.0700: Near MA(25) and psychological support.

$1.0389: 24-hour low and significant bounce point.

🤚Resistance:

$1.0850: Near recent high during the current consolidation.

$1.1030: 24-hour high and major resistance.

📶Signals and Trade Strategy:

⤴️⤴️⤴️Long Position:

Entry Point: Enter at $1.0750-$1.0780 if price consolidates above MA(25) and breaks $1.0850 with volume.

Target: $1.0850 (short-term) and $1.1000 (extended).

Stop-Loss: $1.0700, just below MA(25) and support level.

Signal: Monitor RSI; enter if it crosses 50 upward.

⤵️⤵️⤵️Short Position:

Entry Point: Enter at $1.0850-$1.0900 if price fails to break resistance and RSI shows overbought conditions (>70).

Target: $1.0700 (short-term) and $1.0400 (extended).

Stop-Loss: $1.0930, just above recent high.

Signal: Confirm MACD bearish crossover.

💸Market Insights:

1. Momentum: Recent bounce from $1.0389 indicates strong buyer interest. If ADA holds above $1.0700, further upside is likely.

2. Volume: Increased buy-side activity suggests potential breakout, but failing to hold $1.0700 could trigger a sell-off.

3. Risk Management: Use tight stop-losses as ADA is volatile on short timeframes.

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