📊 $ADX Technical Analysis & Setup
Aggressive selling pressure has taken over following a 32x volume spike and a sharp 15m flush. With daily and weekly timeframes firmly bearish and overall macro conditions dragging, momentum clearly favors the sellers.
• Key Support / Demand: 0.0514 (recent sweep), 0.0487, and 0.0470
• Resistance / Supply Targets: 0.0541, 0.0548, and 0.0568
• Trigger / Confirmation: Wait for a weak reaction, rejection wick, or lower-timeframe bearish structure shift on a retest of the 0.0541-0.0548 resistance zone before entering shorts
• Risk / Invalidation: A 1h close above 0.0565 flips market structure bullish and invalidates this setup
• Market Execution: Scale entries on confirmed retests and manage risk tightly given broader market volatility
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #ADX #Trading
Aggressive selling pressure has taken over following a 32x volume spike and a sharp 15m flush. With daily and weekly timeframes firmly bearish and overall macro conditions dragging, momentum clearly favors the sellers.
• Key Support / Demand: 0.0514 (recent sweep), 0.0487, and 0.0470
• Resistance / Supply Targets: 0.0541, 0.0548, and 0.0568
• Trigger / Confirmation: Wait for a weak reaction, rejection wick, or lower-timeframe bearish structure shift on a retest of the 0.0541-0.0548 resistance zone before entering shorts
• Risk / Invalidation: A 1h close above 0.0565 flips market structure bullish and invalidates this setup
• Market Execution: Scale entries on confirmed retests and manage risk tightly given broader market volatility
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #ADX #Trading
