【$ADA Signal】Long | Stabilized after a decline, main force absorbing positions
$ADA After experiencing a significant drop, it stabilized around 0.27, forming a narrow consolidation platform. Price action indicates selling pressure is weakening, with buying interest continuously absorbing at key support levels.
🎯Direction: Long
🎯Entry: 0.2720 - 0.2740
🛑Stop Loss: 0.2680 (Rigid Stop Loss)
🚀Target 1: 0.2850
🚀Target 2: 0.2950
Hardcore logic: After the price dropped from 0.286 to 0.245, it formed a 4H-level consolidation around 0.27. Key data: 1) Open interest remains stable, no signs of short squeeze; 2) Latest 4H candlestick buy/sell ratio increased to 0.54, indicating active buying has returned; 3) Depth chart shows a dense buy wall below 0.272-0.274 (accumulating over ten million ADA), forming strong support. Negative funding rates favor long position building. The current pattern is a healthy reset, with main force absorbing positions at support, increasing the likelihood of testing previous highs upward.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$ADA Signal】Long | Stabilized after a decline, main force absorbing positions
$ADA After experiencing a significant drop, it stabilized around 0.27, forming a narrow consolidation platform. Price action indicates selling pressure is weakening, with buying interest continuously absorbing at key support levels.
🎯Direction: Long
🎯Entry: 0.2720 - 0.2740
🛑Stop Loss: 0.2680 (Rigid Stop Loss)
🚀Target 1: 0.2850
🚀Target 2: 0.2950
Hardcore logic: After the price dropped from 0.286 to 0.245, it formed a 4H-level consolidation around 0.27. Key data: 1) Open interest remains stable, no signs of short squeeze; 2) Latest 4H candlestick buy/sell ratio increased to 0.54, indicating active buying has returned; 3) Depth chart shows a dense buy wall below 0.272-0.274 (accumulating over ten million ADA), forming strong support. Negative funding rates favor long position building. The current pattern is a healthy reset, with main force absorbing positions at support, increasing the likelihood of testing previous highs upward.
Trade here 👇 $ADA
---
Follow me: Get more real-time analysis and insights on the crypto market!