Again, it’s a day where $ADA makes the people carrying goods have to breathe oxygen, watching that red candle thickly pierce through the bottom and feeling sorry for the wallets of the F0 brothers.
The way $ADA is operating is truly an extreme patience test. Looking at the short-term chart, it’s clear the bears are holding the reins. Everyone keeps rushing to catch the bottom, but look at the technical reality first:
🔹 15-minute timeframe: Price is floundering below the MA(20) at 0.2125, while the EMA(9) is at 0.2113. The crossover in this price zone shows that the rebound momentum is extremely fragile—just a small push from the selling side and we’ll be seeing a new bottom again.
🔹 1-hour timeframe: MA(20) is acting as a gate at 0.2178, and EMA(9) is at 0.2135. The current price at 0.2120 is below both of these lines, confirming that the downtrend is still dominating. The 0.2178 zone has now flipped roles—from support to a hard resistance. For a PUMP to happen, it would need to break through that level with a sudden spike in trading volume, something I don’t see right now.
My view is: don’t rush to catch a falling knife when the trend hasn’t shown signs of turning. For me, the market right now prioritizes shorting when price retraces up into resistance zones, rather than trying to probe for the bottom.
My personal trading setup:
🎯 Position: SHORT
🎯 Entry: Wait for a pullback to 0.2135 - 0.2140
🎯 Take profit (TP): 0.2080 - 0.2060
🎯 Stop loss (SL): 0.2185 (If the 1-hour resistance breaks through, run immediately)
Be honest—how many of the brothers are holding losses $ADA and still nurturing the hope that we’ll reach the moon right away?
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).
#Crypto #Trading #Binance
The way $ADA is operating is truly an extreme patience test. Looking at the short-term chart, it’s clear the bears are holding the reins. Everyone keeps rushing to catch the bottom, but look at the technical reality first:
🔹 15-minute timeframe: Price is floundering below the MA(20) at 0.2125, while the EMA(9) is at 0.2113. The crossover in this price zone shows that the rebound momentum is extremely fragile—just a small push from the selling side and we’ll be seeing a new bottom again.
🔹 1-hour timeframe: MA(20) is acting as a gate at 0.2178, and EMA(9) is at 0.2135. The current price at 0.2120 is below both of these lines, confirming that the downtrend is still dominating. The 0.2178 zone has now flipped roles—from support to a hard resistance. For a PUMP to happen, it would need to break through that level with a sudden spike in trading volume, something I don’t see right now.
My view is: don’t rush to catch a falling knife when the trend hasn’t shown signs of turning. For me, the market right now prioritizes shorting when price retraces up into resistance zones, rather than trying to probe for the bottom.
My personal trading setup:
🎯 Position: SHORT
🎯 Entry: Wait for a pullback to 0.2135 - 0.2140
🎯 Take profit (TP): 0.2080 - 0.2060
🎯 Stop loss (SL): 0.2185 (If the 1-hour resistance breaks through, run immediately)
Be honest—how many of the brothers are holding losses $ADA and still nurturing the hope that we’ll reach the moon right away?
Note: This is my personal perspective, not investment advice. Trading always comes with risk (DYOR).
#Crypto #Trading #Binance