Trade Setup: ADA/USDT (Daily Chart)


Current Price: 0.7233 USDT
24H Change: +3.67%
24H Range: 0.6877 – 0.7315 USDT
RSI (14): 53.49 (neutral territory)
Technical Overview:
The pair is currently trading at 0.7233, showing a healthy bounce from recent lows near 0.6488.
Price is moving inside a well-defined range between 0.6488 support and 0.8042 resistance, with a prior peak at 0.8643.
The Relative Strength Index (RSI) at 53.49 indicates neutral momentum, suggesting that neither buyers nor sellers currently dominate.
The recent bullish candle shows renewed buying interest after a brief dip to the lower end of the range.
Trade Idea #1: Range Trading (Short-Term)
Entry: Near current price (0.7233) or on slight pullbacks to 0.7000-0.7100.
Target: 0.7900 - 0.8042 (upper range).
Stop Loss: Below 0.6800.
Risk/Reward: Favorable for swing traders playing the range.
#ADAUSDT $ADA
ADA-2,88%
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