A massive sell-off of 803,529 ADA worth $763.1K at $0.94971 has shaken the market. Here's a breakdown of what this means and how you can plan your next move effectively.
Current Situation
Massive Sell Pressure: This large sell order indicates potential bearish sentiment or profit-taking.
Price Impact: With such volume, $ADA may face short-term downward pressure, but opportunities arise at key levels.
Next Steps: Trade Strategy
1️⃣ Buy Zone (Entry Point)
Primary Buy Zone: $0.90 – $0.92 (historical support area).
Secondary Buy Zone: $0.85 – $0.88 (stronger support for deeper corrections).
👉 Why? These zones have shown buyer interest in past price action.
2️⃣ Target (Take-Profit Levels)
Target 1: $1.00 (psychological resistance and recent pivot).