Sell trade signal at price
$ADA USDT 🛑 🚦
Bearish reversal likely - Sell short trade signal 🔴
ADA has recorded a strong rise, but is now facing clear rejection at the resistance area of $0.8640. The price has failed to break through it, forming lower highs on the 15-minute chart, indicating buyer exhaustion and the potential for a reversal. This setup provides a suitable selling entry with a change in momentum.
🔻 Trade setup: Sell entry
Entry zone: $0.8511 - $0.8489
Stop loss: $0.8743
Take profit: $0.7976
Leverage: 10x
Risk distribution: 2-3% of total portfolio
📉 Market outlook:
With ADA unable to hold above the supply area, sellers are regaining control. A drop below the current support level could drive the price towards lower demand levels, making this a smart trading option based on the risk-to-reward ratio.
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$ADA