ADA/USDT LONG
Current Position: The price is hovering near $0.988, slightly below the 0.5 Fibonacci retracement level ($0.963). This indicates a potential accumulation zone.
Support Zone: The green highlighted area (between 0.618 and 1 Fibonacci levels) suggests strong support, with a key level around $0.785.
Bullish Scenario:
If the price holds above $0.963 (0.5 Fibonacci), we could see a rebound toward the next resistance at $1.002 (0.236 Fibonacci).
Breaking $1.002 might target $1.156 or higher levels in the red zone.
Ensure proper risk management in volatile conditions.
Support Zone: The green highlighted area (between 0.618 and 1 Fibonacci levels) suggests strong support, with a key level around $0.785.
Bullish Scenario:
If the price holds above $0.963 (0.5 Fibonacci), we could see a rebound toward the next resistance at $1.002 (0.236 Fibonacci).
Breaking $1.002 might target $1.156 or higher levels in the red zone.
Ensure proper risk management in volatile 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.