$ADA: High Volume Selling Sweep Breaks $ADA Market Structure
SHORT SETUP ADA
Entry: $0.22100 - $0.22200
Stop Loss: $0.23036
Take Profit: $0.20378 (2R)
Key Levels: Support $0.21490 | Resistance $0.22200
Technical Analysis for $ADA: ADA is trading below all key EMAs (9, 21, 50, 200), confirming a downtrend. MACD histogram remains negative and the signal line sits above the MACD line, adding bearish momentum. ADX at 35 signals a strong trend. The 1hour resistance at 0.222 frames the short bias. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market shows 94% red assets, reinforcing downside pressure on altcoins.
SHORT $ADA
SHORT SETUP ADA
Entry: $0.22100 - $0.22200
Stop Loss: $0.23036
Take Profit: $0.20378 (2R)
Key Levels: Support $0.21490 | Resistance $0.22200
Technical Analysis for $ADA: ADA is trading below all key EMAs (9, 21, 50, 200), confirming a downtrend. MACD histogram remains negative and the signal line sits above the MACD line, adding bearish momentum. ADX at 35 signals a strong trend. The 1hour resistance at 0.222 frames the short bias. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market shows 94% red assets, reinforcing downside pressure on altcoins.
SHORT $ADA