COIN NAME: $ADA
POSITION: LONG
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ADA is maintaining a bullish trend, consistently forming higher highs since November 1. The strong support line is reinforcing bullish momentum, providing a solid foundation for further upward movement. Currently trading at $1.248, Fibonacci retracement levels suggest a potential long position, indicating ADA could once again target the $1.30 level.
Trade Setups for $ADA/USDT:
Long Position:
Entry Point: $1.2455
First Target: $1.30
Second Target: $1.34
Third Target: $1.37
Stop Loss: $1.1761
This setup is ideal if bullish momentum continues, supported by ADA’s strong trend and key support levels
Short Position:
Entry Point: Below $1.17
First Target: $1.25
Second Target: $1.22
Third Target: $1.20
Stop Loss: $1.32
This strategy applies if ADA breaks below the key support level, signaling potential bearish pressure.
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