This is a 4-hour chart for $ADA /USDT on Binance, indicating strong bullish momentum over recent sessions. The price has risen significantly from the $0.85 zone to the current level of $1.0930, representing over 200% growth in the past 90 days. However, the recent candlestick shows a rejection near $1.10, hinting at possible resistance.

Analysis:

Long Position: Enter above $1.10 after a confirmed breakout with a daily close above this level.

Target: $1.20

Stop Loss: $1.05

Short Position: If the price fails to break $1.10 and closes below $1.08, consider a short entry.

Target: $1.00

Stop Loss: $1.12

Conclusion:

The ADA/USDT pair is currently in an uptrend, but caution is required due to overextended moves. Wait for a clear confirmation of breakout or breakdown before entering. Risk management is critical, as the market could remain volatile.

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