$ADA Recovers From the Flush Sellers Lurking at Resistance
Pair: $ADA /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 0.2445 – 0.2460
Take Profit:
- TP1: 0.2402 +10%
- TP2: 0.2369 +17%
- TP3: 0.2319 +27%
Stop Loss: 0.2519
Chart Structure:
- ADA spiked sharply, then sold off hard with an outsized red candle dropping well below MA7 and MA25, before stabilizing and bouncing back to test the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level sellers have previously defended during this decline
- ⚠️ Mixed signal: RSI 14 has recovered from the low-30s into the mid-40s, and MACD just crossed slightly positive after a deeply negative stretch both indicators are improving, working against this short
- Given the improving short-term momentum, this is a contrarian fade rather than a high-conviction trend continuation the bounce could extend further before any rejection
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$ADA
Pair: $ADA /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 0.2445 – 0.2460
Take Profit:
- TP1: 0.2402 +10%
- TP2: 0.2369 +17%
- TP3: 0.2319 +27%
Stop Loss: 0.2519
Chart Structure:
- ADA spiked sharply, then sold off hard with an outsized red candle dropping well below MA7 and MA25, before stabilizing and bouncing back to test the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level sellers have previously defended during this decline
- ⚠️ Mixed signal: RSI 14 has recovered from the low-30s into the mid-40s, and MACD just crossed slightly positive after a deeply negative stretch both indicators are improving, working against this short
- Given the improving short-term momentum, this is a contrarian fade rather than a high-conviction trend continuation the bounce could extend further before any rejection
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$ADA
