$ADA coin
SHORT
Price: .7108
(Enter on entry price)
ADA is currently following a falling channel. I expect it to make a wick and drop further after facing rejection. I’m bearish on this coin.
On the 12-hour time frame, the ADA liquidation heatmap shows liquidity on both sides — above and below. ADA is likely to take liquidity from both sides, and then continue downward based on technical analysis.
The Money Flow Index (MFI) also looks bearish. Altcoins are likely to go down due to weak money inflow. If the MFI rises, altcoins may start moving up again.
10x leverage isolated
Sl: .7313
Target:
1) .6949
2) .6850
3) .6730
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