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Crypto With Erik
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Bullish
$ADA /USDT Trading Signal – Pullback After Resistance Test
Entry Zone: $1.05 - $1.07
Target Levels:
Target 1: $1.12 (Immediate resistance level)
Target 2: $1.15 (Bullish continuation zone)
Target 3: $1.20 (Extended bullish target)
Stop Loss: $1.02 (Below key support)
Market Insight
ADA/USDT is showing a healthy pullback after testing resistance at $1.12. The price action remains bullish, supported by consistent buying pressure from $1.03. A breakout above $1.12 could lead to a push toward $1.15 and $1.20. Volume remains strong, indicating potential for continued momentum.
Pro Tips
1. Take partial profits at $1.12 and adjust your stop-loss to breakeven to secure gains.
2. Monitor $1.12 for breakout confirmation before targeting higher levels.
3. Maintain strict risk management, exiting if support at $1.02 fails.
This trade offers a favorable risk-to-reward ratio, making it an excellent opportunity for breakout traders.
#CryptoTrading #ADAUSDT #Cardano #TradingSignals #TechnicalAnalysis
Entry Zone: $1.05 - $1.07
Target Levels:
Target 1: $1.12 (Immediate resistance level)
Target 2: $1.15 (Bullish continuation zone)
Target 3: $1.20 (Extended bullish target)
Stop Loss: $1.02 (Below key support)
Market Insight
ADA/USDT is showing a healthy pullback after testing resistance at $1.12. The price action remains bullish, supported by consistent buying pressure from $1.03. A breakout above $1.12 could lead to a push toward $1.15 and $1.20. Volume remains strong, indicating potential for continued momentum.
Pro Tips
1. Take partial profits at $1.12 and adjust your stop-loss to breakeven to secure gains.
2. Monitor $1.12 for breakout confirmation before targeting higher levels.
3. Maintain strict risk management, exiting if support at $1.02 fails.
This trade offers a favorable risk-to-reward ratio, making it an excellent opportunity for breakout traders.
#CryptoTrading #ADAUSDT #Cardano #TradingSignals #TechnicalAnalysis
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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