📉 $ADA ADA/USDT Short Analysis
Current ADA: around $0.25–$0.26. ADA recently rallied strongly from about $0.20, so chasing a short at current levels carries risk. �
Pluang +1
🔻 Short setup
Short entry: $0.258–$0.270 if price rejects this resistance zone
Stop-loss: $0.275–$0.280
TP1: $0.245
TP2: $0.235
TP3: $0.220
Major support: ~$0.20
The $0.258–$0.27 region is important resistance; a clean break above $0.27 would weaken the short setup and could open a move toward ~$0.30+. �
CoinMarketCap +1
⚠️ My bias
Short bias: 55% bearish / 45% bullish.
I would not short blindly at $0.25. The better setup is a rejection around $0.26–$0.27, followed by a break below $0.245. Current technical readings are mixed, with longer moving averages still supportive while short-term momentum is softer. �
investing.com +1
Invalidation: Daily close above $0.27–$0.28 → avoid the short.
Not financial advice; crypto can move sharply against leveraged positions.#BitwiseFilesFinalNEARSpotETFProspectus #SECSaysTokenBuybacksNotAutoSecurities