Cardano (ADA) is trending down toward a critical support zone at $0.67–$0.70, which could offer a low-risk entry for a laddered spot long position. The broader crypto market remains cautious, and near-term direction is still unclear—so position sizing and disciplined execution are essential.
🎯 Plan of Action:
Entry Zone: $0.67–$0.70 support, with staggered buys to improve cost basis.
Confirmation Required: Wait for signs of stabilization (e.g., bounce, volume support) before adding further.
Avoid chasing rallies if they lack volume follow-through.
📊 Targets & Risk Management:
Take Profits in Tiers:
First zone: $0.74–$0.85
Second zone: $0.95–$1.15
Stop Loss: Just below $0.62, invalidation of the support structure.
Keep allocation modest—ADA is still in a volatile downtrend.
💡 Reminder: This is a technical setup, not a prediction. Let the chart lead the decision, and stay adaptive to market conditions.
🎯 Plan of Action:
Entry Zone: $0.67–$0.70 support, with staggered buys to improve cost basis.
Confirmation Required: Wait for signs of stabilization (e.g., bounce, volume support) before adding further.
Avoid chasing rallies if they lack volume follow-through.
📊 Targets & Risk Management:
Take Profits in Tiers:
First zone: $0.74–$0.85
Second zone: $0.95–$1.15
Stop Loss: Just below $0.62, invalidation of the support structure.
Keep allocation modest—ADA is still in a volatile downtrend.
💡 Reminder: This is a technical setup, not a prediction. Let the chart lead the decision, and stay adaptive to market conditions.
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.
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.