🚨 $ADA SHORT SETUP
🔻 Entry: Market Price
🛑 SL: $0.2074
🎯 TP1: $0.1940
🎯 TP2: $0.1859
Analysis:
$ADA has been consolidating around the current area, and the structure is showing signs of weakness. With price struggling to maintain its recent upward momentum, a breakdown could be the next move.
The broader weakness across major altcoins, including $XRP also adds to the bearish sentiment. However, confirmation is important. watch for a clean break below the consolidation/support zone rather than chasing the move.
Current ADA is around $0.20, so your SL is positioned above the recent price area while both targets are below it.
Short ADA at market price. Trade with proper risk management.
🔻 Entry: Market Price
🛑 SL: $0.2074
🎯 TP1: $0.1940
🎯 TP2: $0.1859
Analysis:
$ADA has been consolidating around the current area, and the structure is showing signs of weakness. With price struggling to maintain its recent upward momentum, a breakdown could be the next move.
The broader weakness across major altcoins, including $XRP also adds to the bearish sentiment. However, confirmation is important. watch for a clean break below the consolidation/support zone rather than chasing the move.
Current ADA is around $0.20, so your SL is positioned above the recent price area while both targets are below it.
Short ADA at market price. Trade with proper risk management.
