ADA/USDT | Bullish Reversal Setup
📊 Market Structure
Context: After a retest of April highs, ADA pulled back into a shallow down-sloping support line (blue).
Implication: A series of higher-low tests into that line suggests buyers are defending this area.
🔹 Demand Order Block
Zone: 0.6350 – 0.6500 USDT (shaded blue)
Key Entry Levels:
0.6500 USDT
0.6436 USDT
0.6350 USDT
⚔️ Long Entry Strategies
Aggressive: Scale into longs on a bounce off 0.6500 USDT with a strong bullish candle.
🛑 Stop Loss
Close below Level: 0.6157 USDT
Placed just below the demand block to absorb noise yet protect capital.
🎯 Profit Targets
TP1 0.6853
TP2 0.7192
TP3 0.7568
🔧 Trade Management
Scale-Out: Take partial profit at each TP to lock in gains.
Trail Stop: Move to breakeven once TP1 is reached.
Invalidation: A daily close below 0.6157 USDT negates the setup—exit and reassess.
📊 Market Structure
Context: After a retest of April highs, ADA pulled back into a shallow down-sloping support line (blue).
Implication: A series of higher-low tests into that line suggests buyers are defending this area.
🔹 Demand Order Block
Zone: 0.6350 – 0.6500 USDT (shaded blue)
Key Entry Levels:
0.6500 USDT
0.6436 USDT
0.6350 USDT
⚔️ Long Entry Strategies
Aggressive: Scale into longs on a bounce off 0.6500 USDT with a strong bullish candle.
🛑 Stop Loss
Close below Level: 0.6157 USDT
Placed just below the demand block to absorb noise yet protect capital.
🎯 Profit Targets
TP1 0.6853
TP2 0.7192
TP3 0.7568
🔧 Trade Management
Scale-Out: Take partial profit at each TP to lock in gains.
Trail Stop: Move to breakeven once TP1 is reached.
Invalidation: A daily close below 0.6157 USDT negates the setup—exit and reassess.
Telegram: t.me/Crypto_Sheykh
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.
Telegram: t.me/Crypto_Sheykh
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.