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ADAUSD broke through a resistance at 2024-02-08T06:00:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 0.5487.

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.5487 but consider reducing the size of your position as the price gets closer to that target.

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