ADA/USDT 1H: Accumulation Phase Holding – Can $0.760 Be Reached?
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Current Market Conditions (Confidence: 7/10):
LONG Trade Setup:
Entry: $0.730 - $0.732 zone.
Risk Score:
Recommendation:
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Current Market Conditions (Confidence: 7/10):
- Price at $0.7331, currently consolidating after a breakout.
- RSI momentum is building from mid-levels, indicating increasing strength.
- Hidden bullish divergence forming on the 1H timeframe, signaling potential continuation.
LONG Trade Setup:
Entry: $0.730 - $0.732 zone.
- Targets:
- T1: $0.745 (initial resistance).
- T2: $0.760 (extended target).
- Stop Loss: $0.715 (below recent support).
Risk Score:
- 7/10 – Decent risk-to-reward, but requires confirmation of continued momentum.
- Accumulation phase visible after a recent liquidity sweep at $0.69.
- Strong support has formed at $0.72, reinforcing bullish potential.
- Order blocks suggest further upside potential, as Smart Money positions for the next move.
Recommendation:
- Long positions remain favorable in the $0.730 - $0.732 entry zone.
- Monitor reaction at $0.745, as resistance could trigger a short-term pause.
- Use tight stops, as consolidation could extend before continuation.
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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.
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.