$ADA /USDT short trade signal 🚦 🛑
BEARISH SETUP: STRONG REJECTION FROM RESISTANCE ZONE!
Cardano is currently facing heavy resistance around the $0.6650 - $0.6689 zone, where price has been repeatedly rejected. The recent wick above this area was quickly sold off, indicating seller dominance. Momentum remains weak, with price failing to break higher despite multiple attempts.
Trade Setup:
Entry (Short): $0.6600 - $0.6630
Take-Profit Targets:
1. TP1: $0.6530
2. TP2: $0.6470
Stop-Loss: $0.6690
Market Outlook:
If price stays below $0.6650, further downside is expected as sellers continue to defend the resistance. Watch for volume confirmation to validate continuation toward support levels.
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