$ADA /USDT Trading Analysis - 4H Chart🔥

Current Price: $1.0728

24H Range: High $1.1256 | Low $1.0431

Technical Overview:

The $ADA /USDT pair shows a period of consolidation after a sharp decline from the $1.3 level earlier this month. The price is currently trading near support levels close to $1.04-$1.05, with a minor bounce toward resistance at $1.10. The trend remains indecisive, with price volatility and mixed momentum on the 4-hour chart.

Long Entry (Bullish Scenario):

Entry Point: Near $1.07 (current level or minor dips)

Stop Loss: $1.03 (recent 4H low for risk management)

Target: $1.12 (key resistance zone) and $1.20 (extended target on bullish breakout)

Short Entry (Bearish Scenario):

Entry Point: If the price fails to hold above $1.10 resistance

Stop Loss: $1.13 (above 24H high)

Target: $1.05 (support level), extended down to $1.00

Conclusion:

Traders can watch for a long opportunity near $1.07 if bullish confirmation occurs, targeting $1.12-$1.20. Conversely, a break below $1.05 would open short opportunities targeting $1.00. Volatility remains high; use stop-losses for risk management.

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