💠 $ADA USDT
📌 Possible Strategy: Trade the breakout of the range (Short)
➡️ Wait for entry pattern:
• The clearest strategy is to wait for the breakout of the range.
• Ideal entry (Short): A 1H candle close with volume below the range support (~0.6030 or ~0.5974).
• Ideal entry (Long): Only if it breaks strongly through the EMA(99) (~0.6217).
📉 Stop Loss:
• If Short: Above the EMA(25) (~0.6107) or within the range.
• If Long: Below the EMA(99) after the breakout.
🎯 Take Profit:
• If Short: Looking for new lows below 0.59.
• If Long: Looking for previous highs above 0.63.
🔄 Alternative scenario:
The price may continue to move sideways, "boring" traders.
⛔️ Avoid: Trading in the middle of the range (between ~0.6030 and ~0.6170). It is a "meat grinder zone" (Chop Zone).
📎 #Trading #Cardano #CryptoSetups #BinanceSquare #Cripto
