Trade the edges, or don't trade at all. The middle often acts as a liquidity trap for $ADA. 📉
Currently, $ADA is in a range-bound consolidation following a significant impulsive sell. This market phase is characterized by a liquidity trap.
Our bias remains neutral, shifting to reactive only when price approaches defined edges. This strategy helps avoid common traps within the range.
The current market structure shows $ADA consolidating horizontally. Price is constrained between key levels:
- Resistance / Range High: ~$0.375 ⬆️
- Weekly Low Liquidity / Range Low: ~$0.345 ⬇️
This is a textbook compression range. Traders often find themselves in a challenging situation, as both breakout buyers and breakdown sellers are typically punished here.
Currently, $ADA is positioned near ~$0.361, which is dead center within this consolidation range. Exercise caution. ⚠️
