🔥 $ADA in consolidation phase, hanging around near some upper resistance levels. Feels like it's building up for the next move. For trading on 1-hour timeframe, I'm cautiously long, but keep risk tight – no hero trades here.
Volume's been dropping off in these recent 1h candles during the sideways action, which points to fading momentum. That big spike when it rallied to 0.4271? Didn't stick around, unfortunately.
Capital flows are mostly outflows – like -8M over 24h and a hefty -56M in the last week across spot and futures, which isn't great. But hey, the latest 15m showed a +1M inflow, so maybe some buyers are dipping in at these prices.
For entries longs $ADA : I'd prefer jumping in around 0.418-0.419 near that MA20 support. Or, if it breaks above Resistance level at 0.4257 with solid volume, that could be a go.
Stop loss: About 3.5% down from entry, say at 0.4037 below Support and the MA20.
Targets $ADA : First aim for Resistance level at 0.43, then next resistance at 0.4347, or stretch to that psych level 0.44
signals are mixed: MACD and KDJ looking bearish short-term, but price is still above MA20/120 for the bigger picture. if it dips below Support at 0.4167, maybe sit it out for clearer signs