$ADA first take-profit has been hit successfully exactly as planned 🎯

$ADA – Strong Pin Bar Rejection at 0.38 Support | Eyeing a Technical Bounce

Long Setup: Cardano ($ADA )
📍 Entry: 0.3880 – 0.3910
🛑 Stop Loss: 0.3750
🎯 Targets: 0.4040 → 0.4170 → 0.4350

Price Action Insight:
On the 4H timeframe, $ADA is showing clear signs of forming a base after pulling back from the 0.437 local high. The latest candles are highly constructive, with multiple long lower wicks (pin bars) printing right on the MA99 dynamic support (purple line) and the key horizontal zone around 0.381. This behavior signals seller exhaustion and strong buyer interest defending this level.

Although price is still dealing with overhead pressure from higher moving averages, maintaining support above 0.38 keeps the bullish recovery scenario intact. If overall market sentiment improves, a rebound toward 0.405 and 0.418 looks very achievable, with 0.437 as the extended upside target.

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