đ· ADA/USDT - Cardano to USDT
đ© Long / Short?
âą Long: The market shows a 52.77% bullish sentiment towards ADA, which favors a long position based on recent price action and market conditions.
â»ïž Leverage?
âą Recommended Leverage: 5x to 10x, considering the volatility and momentum in the current market.
đ Entry?
âą Ideal Entry: Around $0.9200. This price is near the current support level, with a good entry point for a long position in anticipation of further upward movement.
Target đŻ
âą Target 1: $0.9300 (near resistance level)
âą Target 2: $0.9400 (strong resistance zone)
âą Target 3: $0.9500 (upper resistance based on recent highs)
đ„ Stop-Loss (SL)? â
âą Stop-Loss: $0.9100. This level ensures the risk is minimized if the market reverses against the long position.
Market Analysis:
âą Current Price: $0.9204
âą 24h Change: +4.01%
âą 24h High: $0.9979, 24h Low: $0.8694
âą Volume: 338,400,599.60 ADA traded, indicating healthy market activity.
âą Market Sentiment: 52.77% Long - The market sentiment shows slightly more interest in long positions.
Bitcoinâs Influence: Bitcoin (BTC/USDT) is relatively stable (+0.04%), which provides an environment conducive to altcoin movements like ADA. If Bitcoin holds steady or continues upward, ADA could see further bullish momentum.