$ADA just printed 0.2068, a fresh low for the month, and it's sitting under the value area low at 0.211 after losing about 4% today. Price has basically been stair-stepping down from 0.28 since early October and every bounce gets sold.
What caught my eye on the NanoTrading Fire chart (4h) is how one-sided the map is. The liquidation heatmap has almost nothing left below price, but there's a thick band of short liquidations stacked at 0.222-0.224, more around 0.230-0.233, and the resting asks line up right there too. Volume POC is all the way up at 0.253.
Binance futures say the move is being driven by longs giving up, not new shorts. OI went from roughly $77.7M to $69.0M over the last three days while price fell, funding is basically flat (around +0.005%), and top traders are still about 64% long. So there's a stubborn long crowd but not much fresh short fuel down here.
My plan: no longs while
$ADA is below 0.211. A 4h close back above it is the trigger for a squeeze toward 0.222-0.224 where those short clusters sit. If 0.205 goes instead, I'd just wait, the map is empty under there 👀
Do you think 0.21 gets reclaimed this week, or is
$ADA heading for 0.20 first?
NFA, just how I'm reading it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
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