$ADA : Rejection Sets Up Short Opportunity
Cardano is showing clear weakness after failing to reclaim key moving averages. The rejection near $0.2550 wasn’t subtle—sellers stepped in hard, and now price is drifting below the 50‑ and 200‑period MAs on the 4H chart. That’s a textbook bearish alignment.
I’m watching for entries between $0.2475–$0.2490, with a stop above the recent swing high at $0.2560. If selling momentum holds, the first downside target sits at $0.2422, followed by $0.2377 and $0.2342. Volume is tilting toward bids, and open interest on ADA futures has been rising—shorts are gaining confidence.
That said, ADA has a habit of faking breakdowns. A reclaim of $0.2510 would force me to step aside. For now, the risk/reward favors the short side, but I’ll trail stops tightly if TP1 hits.
$BTR
