$ADA Struggling to Hold Ground – Bounce or Breakdown Ahead?
$ADA is trading at $0.6055, showing signs of indecision after a steep drop. While buyers are attempting a defense near short-term support, momentum remains weak and bears still have room to push lower if $0.6000 fails.
Key Levels to Watch:
• Resistance: $0.6100 – A breakout above this could open the door for recovery toward $0.6200.
• Support: $0.6000 – If broken, selling pressure could accelerate toward lower levels.
Trade Setup – Critical Point for Bulls:
• Bullish Entry: On breakout above $0.6100 with volume confirmation
• TP1: $0.6200
• TP2: $0.6350
• Bearish Entry: On breakdown below $0.6000
• TP1: $0.5860
• TP2: $0.5720
Stop-Loss:
• Longs: below $0.5985
• Shorts: above $0.6110
Buyers slightly outweigh sellers, but with downward momentum still in play, caution is advised unless a breakout confirms.