🚀 ADA may be setting up a deeper bounce after the final dip
$ADA has broken away from the small wedge and is now sliding toward the lower side of the larger descending channel. The move still looks weak short term, but the next support touch could become the area where buyers try to build a reaction.
Scenario map:
Lower channel support: 0.218 – 0.220
Recovery zone: 0.230 – 0.232
Main resistance: 0.234 – 0.236
Bearish continuation risk: loss of 0.218
I’m not looking at this as a clean bullish breakout yet. The better setup may come after a liquidity move into channel support, where ADA could attempt a rebound back toward the upper trendline.
Would you wait for the lower support reaction, or is ADA still too weak to touch here?