$ADA Currently around 0.2527 USDT. Do you think we should keep grinding higher, or is it about time for a pullback?


$ADA ‌If I were to give a conclusion first, I’d lean more towards: a rally first, then a shakeout.
Here’s my main view:
First, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
Second, the buying momentum isn’t strong enough; a breakout still lacks momentum.
To add, TP1 targets 0.8R, TP2 targets 1R, and the remaining position follows the 5m EMA20 to protect profits.
Entry suggestion: 0.2547 USDT
Estimated target: 0.2396 USDT
Stop-loss reference: 0.2608 USDT
What I’m worried about is that the bears haven’t fully gained strength yet, and a short squeeze could push the price higher first.
If it were you trading, would you start with a small long position and wait for signals, or just avoid it altogether?
ADA-4.98%
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