$ADA $ADA 3D Update: | finorabot.com - - The price is likely to continue falling until it reaches deeper into the 0.1382–0.1109 demand zones, as sellers remain in control.
- There is currently no reason to long until a clear reversal pattern forms and gets follow-through.
- A viable trade setup would be to wait for a relief bounce toward the 0.1900–0.2205 area, and if bearish confirmation is seen (rejection, bearish engulfing, or failure to close above supply), consider entering a short with a target back toward 0.1382 and potentially lower. Place a stop-loss above the swing high or just above the supply zone.
- Alternatively, if price sharply sweeps 0.1382 or 0.1109 and instantly reverses with strong bullish confirmation (such as a momentum candle closing above a previous resistance or a double bottom), a speculative long could be taken, targeting 0.1900 for partial profits. Wait for clear signs on lower timeframes before entering.
- My bias remains bearish until price reclaims and closes above the 0.1900–0.2205 range with conviction. A bullish bias would only be justified if there’s a clean break and hold above this area.
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