$ADA : SELLERS STILL IN CONTROL — WAIT FOR THE RETEST
Cardano has printed a new low at $0.2063, while buyers continue to struggle.
Price is trading near $0.2078 after rejection at $0.2240. Lower highs, a bearish SuperTrend, and thin $15M volume suggest that a strong recovery is not confirmed yet.
Trade Plan 🎯
- Bias: Bearish
- Short Entry: $0.2120–$0.2160
- Stop-Loss: $0.2200
- TP1: $0.2022
My Strategy: I won't chase ADA at the lows. I'll wait for a relief bounce into resistance and look for bearish confirmation before considering a short.
If buyers reclaim resistance with strong volume, the bearish setup needs reassessment.
Is $ADA preparing for another leg down, or can bulls finally turn the trend around?
$ADA
#Write2Earn #Binance #Crypto #BinancePick #EarningsSeason
Cardano has printed a new low at $0.2063, while buyers continue to struggle.
Price is trading near $0.2078 after rejection at $0.2240. Lower highs, a bearish SuperTrend, and thin $15M volume suggest that a strong recovery is not confirmed yet.
Trade Plan 🎯
- Bias: Bearish
- Short Entry: $0.2120–$0.2160
- Stop-Loss: $0.2200
- TP1: $0.2022
My Strategy: I won't chase ADA at the lows. I'll wait for a relief bounce into resistance and look for bearish confirmation before considering a short.
If buyers reclaim resistance with strong volume, the bearish setup needs reassessment.
Is $ADA preparing for another leg down, or can bulls finally turn the trend around?
$ADA
#Write2Earn #Binance #Crypto #BinancePick #EarningsSeason