We are looking for longs because price just finished moving impulsively to the downside on the daily time frame which means the corrective leg is coming up and on the LTF, we see that price has grabbed a sell-side liquidity and is looking to start moving upwards so we are waiting for an RTO or a sell-side liquidity grab then entry on RTO or FVG
ADA formed a strong demand zone (Found through the rally base rally method), broke through the 0.51648 resistance, and turned it into support. There was a relatively high supply absorption at the breakout candle so there's a chance that the price could rebound off the resistance turned support and continue with the uptrend.