Technical analysis by limitissky77 about Symbol ADA: Buy recommendation (2/9/2025)

limitissky77

I am sharing my Views as per the technical Analysis Bullish divergence Formation, Bearish momentum goin weak.The price action is forming a symmetrical triangle, which is typically a neutral pattern, meaning it can break out in either direction.Key Support & Resistance LevelsResistance: Around $0.95 - $1.00Support: Around $0.65 - $0.70. Bullish Indications:The price is approaching the apex of the triangle, suggesting an imminent breakout.A breakout above the upper white trendline could push ADA towards $1.00+5. Trading Strategy:✅ Long Position:Enter if price breaks above the white resistance line and confirms with volume.Target: $0.95 - $1.05Stop-loss: Below $0.6TP-1 Achieved now Move the SL to Entry PriceTrade still moving in our direction, Hold till it reach 1.hold with patience