Right now, it is in the stretching phase; it continues as Long, not Short.
Mike On The Move
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Bearish
⚠️ Reiterating the warning — $ADA is approaching a critical sell zone 🚨
Trading Plan — SHORT $ADA • Entry: 0.4580–0.4640 • SL: 0.4870 • TP1: 0.4470 • TP2: 0.4390 • TP3: 0.4310
Analysis: $ADA trading at 0.4623 is pressing directly into a strong 1h resistance cluster at 0.4580–0.4640 — the same zone that previously triggered sharp rejections. Momentum is weakening, with signs of buyer exhaustion as price retests the upper boundary without real volume expansion. This creates a high-risk reversal pocket ideal for short positioning if rejection confirms.
A clean rejection from this zone can trigger a move back toward 0.4470 → 0.4390 → 0.4310. The setup becomes invalid if price closes above 0.4870, which would flip structure and negate the short bias. ⚡ {future}(ADAUSDT)
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