$ADA /USDT BEARISH SETUP — REJECTION FROM SUPPLY ZONE, SHORT UNDERWAY!
$ADA/USDT faced a clean rejection from the $0.6888–$0.6924 resistance zone after a strong intraday pump. The price is currently at $0.6840, forming a lower high setup with wicks indicating clear seller pressure from the top.
SHORT TRADE SETUP:
• Entry: $0.6840 - $0.6880 (inside resistance zone)
• Take Profit (TP): $0.6677 and $0.6524
• Stop Loss (SL): $0.6924
MARKET OUTLOOK:
ADA had a decent 4% move today but ran into a historical resistance zone, triggering a bearish reversal pattern. If price fails to break above $0.692 cleanly, this could lead to a pullback targeting lower demand zones.
RISK MANAGEMENT:
Risk only 2% of your portfolio per trade. Stick to stop-loss rules and avoid emotional exits. This is a textbook resistance rejection trade.
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