$ADA
/USDT BEARISH REJECTION FROM SUPPLY ZONE!
Cardano is currently facing rejection near the $0.7090–$0.7115 resistance zone after a failed breakout attempt. Price tapped into a supply region and immediately reversed, suggesting a potential downside move is building up. The bearish engulfing setup confirms seller strength at the top.
Trade Setup:
Short Entry: 0.7090–0.7115
Take Profit (TP): 0.6970
Stop Loss (SL): 0.7120
Market Outlook:
ADA is likely to retrace back to the support zone around 0.6970 as momentum weakens. Traders should watch for volume confirmation and maintain tight risk management in case of volatility spikes.
Command: Ride the rejection, secure the correction!