ADA · 1H · UPTREND

Price bottomed around 0.1400 in late June and has ripped almost 30% to current levels near 0.1785 — that's a clean impulse off a major low with higher highs and higher lows now firmly in place on this timeframe. The move from 0.1400 to 0.1800 happened fast and with clear volume expansion, which tells me this isn't a dead-cat bounce. The news context provides no crypto-relevant macro headlines, so I'm reading this purely on structure. My issue right now is that price is stretched — it just tagged the 0.1800 zone which was a prior swing high from mid-June, and a rejection here would be completely normal. I'm not chasing this at 0.1785 with resistance immediately overhead and no consolidation printed yet at these levels.

I'm waiting for a pullback into the 0.1650–0.1680 zone, which was the breakout area before this final leg up. If price pulls back there and holds, that's my long entry — the prior resistance flipping to support with the trend intact is the cleanest setup this chart offers right now.

Setup: LONG (conditional)

- Entry: 0.1665 (pullback to prior breakout zone, conditional on holding)

- Stop Loss: 0.1580

- Take Profit 1: 0.1800

- Take Profit 2: 0.1900

- Risk/Reward: 1.6:1 to TP1 / 2.8:1 to TP2

- Confidence: MEDIUM