Hey traders! 👋
ADA/USDT is forming a symmetrical triangle on the 1-day chart, signaling consolidation and a potential strong breakout. Current market momentum suggests this move could be bullish!
💡 Trade Setup:
Entry: Wait for a breakout above the resistance level at $0.88 to confirm the bullish move.
Target: The first target is set at $1.40, offering an impressive 56% profit potential!
📈 Three-Phase Plan:
1️⃣ Phase 1: Price breaks the triangle and rallies to $1.40.
2️⃣ Phase 2: A correction pulls back to support near $1.15.
3️⃣ Phase 3: Price surges again, targeting levels above $1.75. 🚀
⚖️ Risk Management:
Stop Loss: Place your stop at $0.73, ensuring a 3:1 risk/reward ratio.
🌟 Why bullish?
Symmetrical Triangle: This pattern often leads to significant moves.
Strong Fundamentals: ADA is showing bullish momentum within a positive market environment.
📊 Summary:
Entry: Above $0.88 (bullish breakout)
Target 1: $1.40 (+56%)
Target 2: $1.75
Stop Loss: $0.73
Let’s get ready for the breakout and seize the opportunity! 🚀📈
#ADA #Cardano #Trading #ChartAnalysis #BullishBreakout #Crypto #CryptoTrading
📌 Disclaimer: This is not financial advice. Always trade responsibly and manage your risk!
ADA/USDT is forming a symmetrical triangle on the 1-day chart, signaling consolidation and a potential strong breakout. Current market momentum suggests this move could be bullish!
💡 Trade Setup:
Entry: Wait for a breakout above the resistance level at $0.88 to confirm the bullish move.
Target: The first target is set at $1.40, offering an impressive 56% profit potential!
📈 Three-Phase Plan:
1️⃣ Phase 1: Price breaks the triangle and rallies to $1.40.
2️⃣ Phase 2: A correction pulls back to support near $1.15.
3️⃣ Phase 3: Price surges again, targeting levels above $1.75. 🚀
⚖️ Risk Management:
Stop Loss: Place your stop at $0.73, ensuring a 3:1 risk/reward ratio.
🌟 Why bullish?
Symmetrical Triangle: This pattern often leads to significant moves.
Strong Fundamentals: ADA is showing bullish momentum within a positive market environment.
📊 Summary:
Entry: Above $0.88 (bullish breakout)
Target 1: $1.40 (+56%)
Target 2: $1.75
Stop Loss: $0.73
Let’s get ready for the breakout and seize the opportunity! 🚀📈
#ADA #Cardano #Trading #ChartAnalysis #BullishBreakout #Crypto #CryptoTrading
📌 Disclaimer: This is not financial advice. Always trade responsibly and manage your risk!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.