ADA/USDT 1H: Bulls Targeting $1.04 After Break of Structure!
ADA/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $0.993
Market Structure:
Key Levels:
Smart Money Activity:
Trade Setup (Confidence Level: 8/10):
Recommendation:
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Current Price: $0.993
Market Structure:
- Bullish after recent Break of Structure (BOS) at $0.96.
- RSI: 51.3, neutral momentum with hidden bullish divergence indicating potential upside.
Key Levels:
- Support (Discount Zone): $0.94-$0.96 (accumulation zone).
- Targets:
- T1: $1.02 (Fair Value Gap - FVG fill).
- T2: $1.04 (Lower High sweep).
- Stop Loss: Below $0.965 (recent BOS).
Smart Money Activity:
- Liquidity sweep engineered at $0.96 to trap retail.
- Institutional accumulation visible, likely preparing for a move toward premium zones ($1.02-$1.04).
- Longer-term target at $1.12 for higher timeframe liquidity.
Trade Setup (Confidence Level: 8/10):
- Entry Zone: $0.991-$0.995
- Targets:
- T1: $1.02
- T2: $1.04
- Stop Loss: Below $0.965
- Risk Score: 7/10 (favorable R:R with clear invalidation).
Recommendation:
- Long position recommended in the $0.991-$0.995 range.
- Monitor volume at $1.02 for potential breakout confirmation toward $1.04.
- Maintain tight risk management in case of market volatility.
- Confidence Level: 8/10 for bullish 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.