$ADA SHORT — Resistance Failure & Mean Reversion
Price stalled sharply after testing the 0.1922 high, forming consecutive red candles as upward momentum fades. The inability to push past overhead resistance indicates a potential pullback toward underlying support zones.
Entry: 0.1896 – 0.1915
TP1: 0.1796
TP2: 0.1696
TP3: 0.1596
SL: 0.1922
Staying capped below 0.1922 confirms selling pressure and keeps this downward correction active.
Price stalled sharply after testing the 0.1922 high, forming consecutive red candles as upward momentum fades. The inability to push past overhead resistance indicates a potential pullback toward underlying support zones.
Entry: 0.1896 – 0.1915
TP1: 0.1796
TP2: 0.1696
TP3: 0.1596
SL: 0.1922
Staying capped below 0.1922 confirms selling pressure and keeps this downward correction active.