🚨 CARDANO (ADA): Don’t rush to buy the dip while the trend is still weak!
ADA is trading around $0.189, down about 8.5% in 5 days. The daily RSI is at 33, indicating that selling pressure remains strong. The MACD is still below the signal line, with no confirmed reversal yet.
📊 Spot Trading Plan:
* Support: $0.1837–$0.1811.
* Nearby resistance: $0.1948.
* Strategy: Wait for ADA to close above $0.1948, then consider buying only after a successful retest.
* If it breaks below $0.1811: Stay on the sidelines for now and wait for a new signal.
💬 Do you think ADA is near the bottom, or is another leg down coming?
#SMCrypto #ADA #Cardano #SpotTrading #Crypto
ADA is trading around $0.189, down about 8.5% in 5 days. The daily RSI is at 33, indicating that selling pressure remains strong. The MACD is still below the signal line, with no confirmed reversal yet.
📊 Spot Trading Plan:
* Support: $0.1837–$0.1811.
* Nearby resistance: $0.1948.
* Strategy: Wait for ADA to close above $0.1948, then consider buying only after a successful retest.
* If it breaks below $0.1811: Stay on the sidelines for now and wait for a new signal.
💬 Do you think ADA is near the bottom, or is another leg down coming?
#SMCrypto #ADA #Cardano #SpotTrading #Crypto