ADA · 1H · UPTREND
My Sep 10 long scenario hit both targets — Target 1 at 0.2296 and Target 2 at 0.2441 are confirmed completed moves. That's the context I'm working from: a multi-week base that resolved upward, cleared every level I had mapped, and is now trading at 0.2515 with the daily trend firmly up. The move off the 0.1900 flush was impulsive — price ripped through 0.2093, 0.2260, 0.2302, 0.2441, and 0.2500 in sequence, with each former resistance now flipped to support. The news confirms what the chart is showing: the 0.618 Fibonacci retracement at 0.2310 was taken out cleanly, and the governance catalyst on Sep 18 gave the move a fundamental anchor. I'm not chasing this candle at 0.2515 — the move is extended and the nearest dense liquidation cluster sits at just 0.2556, which is too close to the current price to make the math work from here. I'm letting price either compress sideways while the MAs rise into it (time correction) or pull back to structure before I get involved again.
LONG (CONDITIONAL) SCENARIO
Confirmation
0.2368
Pullback holds above 0.2368 on the 1H close — that's the dense liquidation cluster below and the first real structural floor after the breakout; a bounce off that level with a reclaim of 0.2441 confirms the trend is intact and gives me a clean entry.
Invalidation
0.2236
Below 0.2236 — the dense liquidation cluster at that level is the next major stop-hunt zone below; losing it on a close means the breakout has failed and price is back in the prior range.
Target 1
0.2628
Next liquidation cluster above, first structural objective with real fuel behind it.
Target 2
0.2731
The cluster beyond that; aligns with the next overhead zone visible on this chart.
Risk/Reward
(0.2628 − 0.2441) / (0.2441 − 0.2236) = 0.0187 / 0.0205 ≈ 0.9:1 — that's marginal at the 0.2441 re-entry level, so I'm sizing this entry conservatively and looking to add on a confirmed close above 0.2556 to improve the average
Resistance: 0.2556 / 0.2628
Support: 0.2368 / 0.2236
This is not financial advice. Content is AI-generated.