ADX
The chart displays AdEx (ADX) paired with USDT on a 1-hour timeframe. The price has experienced a recent breakout from a consolidation range and is currently trading at 0.1818 USDT, just above a previous resistance level. The breakout suggests potential bullish momentum, and if the price sustains above 0.1820, it could signal further upside. A target around 0.2000 USDT is reasonable, while a stop-loss could be placed below 0.1730 USDT to manage downside risk. This setup suggests a favorable risk-to-reward ratio for a long position, but confirmation of momentum is key for entry
Trade closed: target reached
Target Reached
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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.