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.
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.
