Guys, the recent bullish reaction around this support level may not be a genuine trend reversal. It could simply be a temporary bounce designed to attract buyers before another downside move.
I am watching the liquidity zone below very closely. There is a possibility that ADA could revisit that area to collect the liquidity accumulated over the past several months.
📉 Key things to watch:
- Potential downside liquidity sweep. - Weak bullish momentum near support. - Possible continuation of bearish pressure. - Wait for confirmation before entering a trade.
Trade smart, manage your risk, and don't let FOMO control your decisions!