$ADA
ADA
0.2643
+2.72%
/USDT TECHNICAL ANALYSIS SHOWS BEARISH PRESSURE
$ADA /USDT is displaying a bearish setup after breaking below short-term support levels, with the price forming lower lows on the 4H and 1D charts. The market faces resistance near 0.2696, which may prevent any upward correction. Immediate support zones to watch are 0.2540 and 0.2500, serving as potential downside targets. Momentum indicators suggest sellers are in control, signaling further weakness if support breaks.
Trade Setup:
Entry: On confirmation of support breakdown
Target 1 (TP1): 0.2540
Target 2 (TP2): 0.2500
Stop Loss (SL): Above 0.2696
Risk Management:
Keep risk per trade within 1-2%, avoid excessive leverage, and adjust SL if price shows a reversal signal.