I'm eyeing $ADA — some action unfolding at key levels!
Liquidation Alert
🔴 Longs getting squeezed: $1.0463K liquidated at $0.7791
Market Snapshot
$ADA has faced significant pressure with long positions being liquidated, pushing price near critical support. The recent move highlights a struggle between bulls and bears, with a potential rebound in play if key levels hold.
Key Levels
Immediate Support: $0.76 — if this holds, bulls may start building momentum
Critical Resistance: $0.83 — a breakout here could signal the start of a new uptrend
Strategic Setup
Buy Entry: $0.76 - $0.77 (wait for confirmation of support bounce)
Sell Target: $0.82 - $0.84
Stop Loss: $0.74 (tight stop, controlling risk)
Next Move
I'm looking for a potential bounce off $0.76 — if bulls can reclaim this zone, expect a push towards $0.82 and beyond. However, if price breaks below $0.74, further downside may be in the cards.
Tip 1: Be cautious in the current range — risk is higher until support holds.
Tip 2: Watch for reversal signs at support before entering a position.
Tip 3: Keep your stop tight in case of further liquidation pressure.
Stay on top of market moves — I'll be watching ADA closely!
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