$ADA Short Liquidation Analysis

đŸ’„ Current Short Liquidation: $5.3867K, Price: $0.9347

Market Overview

Cardano $ADA ) has witnessed significant short liquidation at $0.9347. This indicates strong buying pressure, hinting at a possible bullish breakout if momentum continues.

Trading Strategy: Buy Plan

Here’s a complete guide for trading ADA:

Buy Zone

Entry Range: $0.920 to $0.935

Tip: Look for stability or minor pullbacks before entering for a safer trade.

Targets (Take Profits)

Target 1 (Short-Term): $0.950

Target 2 (Mid-Term): $0.970

Target 3 (Long-Term): $1.000

Stop Loss

Stop Loss Level: $0.910

Reason: A fall below this level could indicate further downside risk.

Key Tips for Traders

1. Volume Confirmation: Ensure buy volume is increasing near the entry zone.

2. Risk Management: Use only 1-2% of your portfolio to manage risk effectively.

3. News Watch: ADA’s price can be affected by ecosystem developments. Stay updated on Cardano’s latest announcements.

4. Trailing Stop: If price hits $0.950, adjust stop loss to $0.935 to secure profits.

🚀 Possible Scenario: If $ADA breaks above $0.970, it could gain momentum to test $1.000 or higher. Stick to your strategy and trade with discipline!

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