💎ADA has recently undergone significant market dynamics, breaking out of a key resistance level area. There's potential for the price to undergo a retesting phase, initially testing support around $0.68, before resuming its upward movement, potentially reaching our target area.
💎 However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout.
💎 In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area.
💎 ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.
💎 However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout.
💎 In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area.
💎 ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.