🌟$ADA / USDT Short Trade Setup!📈
Cardano ( $ADA ) is currently trading at $1.0877, showing a slight pullback of -0.24% on the 4-hour chart. Despite the minor dip, ADA has been on a strong upward trajectory. Let’s break it down:
Recent Performance:
Bullish Momentum: ADA has climbed from below $0.85 to over $1.08, showcasing impressive strength.Resistance Level: A key barrier seems to be forming around $1.10, where sellers are stepping in.Support Zone: Strong buying interest is likely near $1.05, acting as short-term support.
What’s Next for ADA?
The consolidation phase suggests that traders are taking a breather before the next move. If ADA breaks above $1.10, it could signal a continuation of the bullish trend. A retest of $1.05 might offer a good entry point for those looking to accumulate.
Key Levels to Watch:
Immediate Resistance: $1.10Key Support: $1.05Potential Breakout Target: $1.15
Trading Tips:
Keep an eye on the volume for confirmation of a breakout or breakdown. Strong momentum above $1.10 could open the door to new highs for ADA in the short term.
💬 What’s your next move? Share your thoughts or strategies in the comments below!
