ADA is approaching a key resistance zone around the $0.84 level, which aligns with the 50% Fibonacci retracement and yearly open, showing signs of buyer exhaustion and weak momentum.
🔹 Entry:
$0.84 zone (watch for rejection w/ bearish confirmation candle or failed breakout)
🎯 Take Profit Targets:
🥇 $0.71
🥈 $0.56
🥉 $0.42
🛑 Stop Loss:
$0.92 (above key resistance/invalidates setup)
🔹 Entry:
$0.84 zone (watch for rejection w/ bearish confirmation candle or failed breakout)
🎯 Take Profit Targets:
🥇 $0.71
🥈 $0.56
🥉 $0.42
🛑 Stop Loss:
$0.92 (above key resistance/invalidates setup)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.