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$ADA : The Bounce is Fading – Sellers Take Control
The recent relief rally for
$ADA is hitting a wall. Despite a brief attempt to push higher, the follow-through is non-existent, and the "heavy" flow suggests that supply is overwhelming the remaining buyers.
Technically, we are seeing strength getting faded at every turn. Buyers are struggling to defend rebounds, and the downside momentum is starting to look much cleaner. With the price hovering below key moving averages, the path of least resistance remains firmly to the downside.
⚡ Trade Setup: Short
$ADA If sellers stay active, we expect a continuation toward previous local lows.
* Entry Zone: $0.290 – $0.302
* Stop Loss (SL): $0.320
* Take Profit 1 (TP1): $0.272
* Take Profit 2 (TP2): $0.254
* Take Profit 3 (TP3): $0.236
🔍 Market Insight
The order flow shows that "pushes higher" are being used as exit liquidity. As supply presses into momentum,
$ADA looks poised to test deeper support levels if the $0.29 level fails to hold.
#Cardano #cryptotrading Trade
$ADA here 👇
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