📉
$ADA — Distribution Continues | Sell-the-Rally Bias
$ADA remains in a controlled distribution phase after failing to sustain acceptance above the 0.41–0.43 supply zone. Market structure continues to favor selling rallies, not anticipating a reversal.
📊 Trade Plan — SHORT
Entry Zone: 0.398 – 0.405
(Underside of broken range + corrective supply)
🛑 Stop Loss: 0.437
(Above last structural high & rejection wick — full invalidation)
🎯 Targets:
• 0.372
• 0.350
• 0.325
🔍 Technical Context
• Consistent lower highs & lower lows
• Bounces show weak follow-through and immediate selling
• Recent bounce from 0.384 looks like short-covering, not accumulation
• Acceptance below prior support confirms downside continuation
⚠️ Invalidation
This bearish thesis remains valid unless ADA reclaims and holds above 0.405–0.410 on a sustained 4H close.
A daily close above 0.437 would invalidate the distribution structure and require reassessment.
Bias: Defensive & risk-focused
Approach: Fade rallies until structure proves otherwise
Trade smart. Manage risk.
$ADA #ADA #Cardano #cryptotrading #PriceActionMasters #ShortBias