Observing the movement of ADA in the market, it's notable that | RosePremiumm

Observing the movement of ADA in the market, it's notable that the cryptocurrency is trading near the red zone, which is a significant support area. In this context, we can consider two scenarios:

In the first scenario, if there's an expectation of a rebound, the target could be the $0.30 level. This level represents a strong resistance, and for a return to the upward trend, it's better to see a daily candle close above this level.

In the second scenario, if a daily candle closes below the red zone, the strategy here would involve short trades with the following targets:

1) $0.15
2) $0.13
3) $0.12

In both scenarios, it's advisable to set the stop-loss at the $0.31 level to limit the risk.

Please exercise caution and trade within your risk tolerance, especially given the current market volatility.

https://www.tradingview.com/x/OlIUlBsG/

@RosePremiumm