$ADA
/USDT Technical Analysis & Trade Signal🔥💯
Current Price: $0.8946 (down 3.59% in the last 24 hours)
Key Levels:
1. Resistance: $0.9403 (24h high) — strong resistance around this level.
2. Support: $0.8907 (24h low) — price may bounce from this level if tested.
3. Next Resistance: $0.9163 — a key mid-level for potential short-term target.
Trade Momentum:
Bearish Momentum: The 3.59% drop in the last 24 hours indicates short-term bearish momentum.
RSI and MACD indicators suggest weakening upward pressure, implying a risk of further downside movement.
Trade Signal:
Entry Point: Around $0.8920 to $0.9000 for a short position.
Target Levels:
Target 1: $0.8700 (downside target for the short-term)
Target 2: $0.8500 (next support level)
Target 3: $0.8200 (potential lower bound)
For a bullish reversal:
Break Above $0.9403 might signal potential for bullish continuation, with targets at $0.9550 and beyond.
Stop Loss: Set above $0.9403 if aiming for short positions or just below $0.8800 for long positions in case of a trend reversal.
Please ensure to check additional indicators like RSI or MACD for further confirmation before entering the market.