LONG ADA/USDT | Bullish Reversal Setup

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.