Cardano ( $ADA ) Trading Setup:
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ADA is in an uptrend, reversing from $0.29-$0.36 support. Key levels:
- Support: $0.29-$0.36
- Target: $0.78-$0.82
- Critical resistance: $0.78 (March high and Fibonacci level)
Two scenarios are possible:
A bullish five-wave pattern or a bearish ABC correction. Risks include a bearish turn beyond $0.78.
Stay cautious, monitoring smaller timeframes for entry points.
- Trend remains up above $0.65
- Adjust stop-loss orders or reduce positions near key resistance
- Remain flexible, as market sentiment and price action can change.