Market Context: ADA is currently at resistance, and we are considering two potential scenarios for entering a trade.
Trade Scenarios:
Break and Retest Scenario:
Entry: Enter the trade at a confirmed break and retest of the $0.45 level. Range Retest Scenario:
Entry: Enter the trade at a retest of the bottom of the range at $0.42. Common Trade Parameters:
Take Profit: First target: $0.51 - $0.54 Second target: $0.57 - $0.60 Stop Loss: Place the stop loss just below $0.40. 📊 Monitor the price action for confirmation of breakouts and retests. Adjust entries based on market conditions. #ADA #CryptoTrading #TradeSetup 🎯