ADAUSD move to 0.33$ to test resistance short term Update.

Made a bounce off 0.24$ support/resistance zone @.236 of our fib retrace. We made it above our 21 EMA and .618 fib. If we hold support here and break out of immediate resistance trendline, high chance of testing .786 resistance zone. Decent entry for a trade @0.30 if we can manage to break out of 0.33$ resistance area. Also a high chance of getting spiked out with a tight stop loss. A safer stop loss would widen our risk. So I am in no rush to re-enter just yet.