Check out this liquidation map (heatmap) — it’s a real minefield. Cardano ($ADA ) is currently at a critical decision zone, and the resolution will be swift.
🔥 Chart Analysis (Coinglass Heatmap):
Upper Bound (Short Zone): The brightest bands (highest concentration of funds) are at levels $0.260 – $0.265. There are liquidations of shorts stacked up in the hundreds of millions. It’s a magnet pulling the price up.
Lower Bound (Long Zone): Strong support with long liquidations is concentrated at $0.245 – $0.250. As we see on the chart, the price just bounced off this level, confirming buyer strength.
Current movement: We broke through the local resistance at $0.253 and are now heading towards the main target — $0.260.
🔍 Why this is interesting RIGHT NOW:
Whale Action: While we see these fluctuations, 424 top wallets continue to hold their positions. Big players are keeping the price from dropping below $0.245, literally 'pushing' it towards the bear liquidation zones.
Van Rossem Factor: Only a few days left until the hard fork. History shows that before such events, shorts are often 'shaved off' with a sharp upward impulse.
Price in UAH: Currently, it's approximately 11.19 UAH.
🚧 Your trading plan:
Bull Scenario: A breakout and consolidation above $0.260. This will trigger a chain reaction of short liquidations, potentially sending the price soaring to $0.285 – $0.310.
Bear Scenario: If Bitcoin dips again, we could return to test $0.245. But judging by the Heatmap, there are too many buy orders stacked there to break this level on the first attempt.
Conclusion: The liquidation map shows there’s more 'money' up top. A short squeeze seems very likely. Keep an eye on the $0.260 level — it's the key to the moon this week! 💎
⚡️ Question for the experts:
Will the shorts close before ADA swallows $0.26?
🚀 No, they’ll be taken out by the impulse!
🐢 It will be a long flat.
📉 The price dips down to $0.24 again.
Hit LIKE 👍 if you see this short squeeze with me! 👇
#ADABullish #Cardano #Coinglass #LiquidationHeatmap
