The resistance zone formed by SMA100 and 0.035000 level is a very important for further the market movement. If the price bounces from this zone and breaks 0.032000 support level , we should be ready to see downward movement to the previous low at 0.028000 level. Alternative variant, if the price can break this resistance zone , it will be confirmation of further upward movement. We'll get buy opportunity. In order to catch this upward movement, we can place pending orders for buy at 0.035800 level. Stop orders must be placed at 0.030800 level. Profit targets should be at 0.050000 and 0.055000 resistance levels.
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![[POTCAST] Cardano (ADA) at a Crossroads: Is It Time to Buy or a Trap to Avoid?](/assets/noimage.svg)