$ADA /USDT BEARISH PRESSURE BUILDING! โ ๏ธ๐๐ฅ
Cardano is slipping below key moving averages with declining price action and heavy rejection from recent highs. The trend signals bearish continuation unless a strong reversal emerges. Letโs break down the move ๐
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๐ Current Price: $0.6983
๐ Trend: Downward pressure with weak bounce attempts.
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๐ KEY LEVELS:
Resistance ๐ฅ:
$0.7060 โ $0.7150 (Near-term resistance zone)
$0.7315 (24H High & major supply barrier)
Support ๐ก๏ธ:
$0.6909 (24H Low & short-term support)
$0.6880 (Breakdown level)
$0.6700 โ $0.6500 (Strong demand zone)
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๐ง TECHNICAL OVERVIEW:
MA(7): 0.6960
MA(25): 0.7021
MA(99): 0.7149
โ Price trading below all MAs = bearish dominance
MACD: Bearish crossover widening
Bollinger Bands: Lower band breach = further sell-off possible
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๐ป TRADE SETUP โ SHORT POSITION
๐ฝ Entry: $0.6980 โ $0.7030
๐ฏ Targets (TP):
TP1: $0.6910
TP2: $0.6800
TP3: $0.6600
๐ Stop Loss (SL): $0.7155
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๐ก๏ธ RISK MANAGEMENT:
Risk 1โ2% max per trade
Use a tight SL due to ADAโs volatility
Secure profits partially at each target โ
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ADA is fading fast โ stay sharp and follow the flow! โก๐
Capital first. Trades second. ๐ผ๐
#BinanceHODLerRESOLV #Tradersleague #MarketRebound #BTC110KSoon? #Write2Earn $ADA
