🚨 $ADA | REJECTION SETUP 🔴
After breaking the orange moving average and entering below the downtrend line, the price $ADA is heading to complete the bearish wave on the 1-hour timeframe after attempting to retest the breakout levels and the nearby resistance.
🔴 Watch zone: 0.2055$– 0.2100$
🎯 Targets:
TP1: 0.1991$
TP2: 0.1931$
TP3: 0.1868$
🛑 Invalidation: 0.2135$ (break of the downtrend line and closing above the moving averages)
⚠️ Note: Despite a temporary rebound in momentum, the price is still under bearish structural pressure; it’s best for the price to remain below the resistance line and not trade randomly without confirmation of rejection.
After breaking the orange moving average and entering below the downtrend line, the price $ADA is heading to complete the bearish wave on the 1-hour timeframe after attempting to retest the breakout levels and the nearby resistance.
🔴 Watch zone: 0.2055$– 0.2100$
🎯 Targets:
TP1: 0.1991$
TP2: 0.1931$
TP3: 0.1868$
🛑 Invalidation: 0.2135$ (break of the downtrend line and closing above the moving averages)
⚠️ Note: Despite a temporary rebound in momentum, the price is still under bearish structural pressure; it’s best for the price to remain below the resistance line and not trade randomly without confirmation of rejection.
