$ADA
$ADA/USDT Trading Setup 🚀
The current market sentiment for Cardano is cautiously bearish in the short term, as it struggles to hold the $0.35 level. However, a solid "bottoming" structure is forming around $0.33–$0.34, which could offer a high-probability bounce if Bitcoin stabilizes.
🔸 Market Bias: Bearish (Neutral/Accumulation at support)
🔸 Trade Type: Swing Long (Bounce Play)
📍 Entry Zone: $0.3350 – $0.3450
🛡️ Stop Loss: $0.3180 (Below the December low)
🎯 Target Levels:
TP1: $0.3650 (Immediate Resistance)
TP2: $0.3880 (Daily EMA 20)
TP3: $0.4200 (Major Breakout Zone)
TP4: $0.4500 (Psychological Barrier)
TP5: $0.5000 (Macro Target)
💡 Pro Tip:
ADA is currently moving in high correlation with BTC. If Bitcoin loses $88k, expect ADA to test the $0.32 support. A clean break above $0.42 would confirm a structural shift to Bullish.
Risk/Reward Ratio: ~1:3.5