$ADA Trade Signal – Bearish 🔻
🔹 Current Price: $0.2399
🔹 Entry Zone: $0.240 – $0.252
🔹 Stop Loss: $0.262
🔹 Targets:
TP1: $0.233
TP2: $0.220
TP3: $0.205
💡 Analysis:
Price is in a clear downtrend after rejection from the $0.2955 zone. Trading below all key MAs (7, 25, 99) with MA7 at $0.2510, MA25 at $0.2521, and MA99 at $0.2968 — all sloping downward, confirming sustained bearish pressure.
⚡ Key Insight:
Sharp rejection from $0.2955 resistance
Price failed to reclaim MA7 and MA25 on the recent bounce
MA99 acting as major overhead resistance far above current price
📉 High Probability Scenario:
Any bounce into the $0.248 – $0.252 zone is likely a relief rally before continuation lower. Bears remain in full control unless price closes above $0.260+.
⚠️ Tip:
Wait for a retest of the $0.248 – $0.252 resistance zone before entering short — don't chase the red candles near intraday lows to avoid getting trapped in a short squeeze.