#ADA

Cardano ( ADA ) Current Situation Assessment
The current price of $0.6586 is very close to ADA’s 24-hour low of $0.65. This indicates that the price is close to a support level and there is a potential reaction from there.
Revised ADA Trading Strategy (Short-Term)
We can consider two main approaches at this price point:
Approach 1: Entry at the Current Price and Expectation of a Short-Term Rebound
If you think ADA will rally from the current levels ($0.6586), you can follow this strategy:
* Buy Point (Entry): You can open a long position from the current price around $0.6586 or on slight pullbacks towards $0.65. Being close to the support level can improve the potential risk-reward ratio.
* Stop-Loss: A critical point! It is recommended to place your stop order below the lowest 24-hour low, such as $0.63 or $0.64. This will help you limit large losses if the price falls further than you expected.
* Take-Profit Target:
* First Target: The resistance levels it has encountered before, the range of $0.68 - $0.69, can be your first profit-taking zone.
* Second Target: If these levels are broken and there is strong upward momentum in the market, you can target the range of $0.71 - $0.73.