$ADA /USDT BEARISH MOMENTUM INTENSIFYING – SELLERS IN CONTROL 📉
Cardano is currently showing bearish strength after failing to hold above the key resistance zone near 0.42. Price is trading close to the daily low, indicating strong selling pressure and weak buyer demand. Unless ADA reclaims nearby resistance levels, the probability favors a continued downside move in the short term.
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📊 IMMEDIATE MARKET MOVE – EXPLANATION
The price has broken below short-term support and is consolidating near 0.395, which signals bearish continuation. Volume remains moderate, suggesting sellers are still active while buyers are hesitant. A breakdown below 0.394 could trigger further downside momentum.
🎯 TRADE SETUP
Position: Short (Sell)
Entry Zone: 0.398 – 0.402
Targets (TP):
TP1: 0.385
TP2: 0.372
TP3: 0.355
Stop Loss (SL): 0.412
> ⚠️ A daily close above 0.412 would invalidate this bearish setup.
🔍 SHORT MARKET OUTLOOK
ADA remains bearish in the short term unless it regains the 0.42–0.43 resistance zone. As long as price stays below this level, rallies are likely to be sell-the-rise opportunities. Caution is advised, especially if broader market sentiment remains weak.