$ADA LONG BIAS
Capitalizing on the clear reclamation of the $0.42 level short-term support pivot following a strong breakout from the December lows. The strategy is trend continuation, looking to ride the momentum towards key resistance levels, with a focus on strict risk management to protect against a reversal back into the consolidation range.
Trade setup:
Cardano (ADA/USDT) Long Position
* Action: LONG (Buy)
* Entry Zone: $0.430 – $0.435 (Current market
price zone, confirming hold above $0.42
* Stop Loss (SL): $0.395 (Placed below the strong psychological \mathbf{\$0.40} support level).
* Take Profit 1 (TP1): $0.485 (Test of near-term overhead resistance).
* Take Profit 2 (TP2): $0.520 (Extended target based on the previous major high).
* Risk Profile: The setup offers a favorable Reward-to-Risk ratio of approximately 1.4:1 (to TP1) and 2.5:1 (to TP2).
