$ADA /USDT Bearish Rejection Setup — Short Opportunity Below $0.85!
#Cardano ($ADA ) is showing signs of bull exhaustion after a +4.88% rally, currently trading at $0.8321. With resistance near $0.8643 holding firm and volume weakening, a short setup may be brewing if it loses support.
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Current Trading Data:
Current Price: $0.8321
24h Change: +4.88%
24h High / Low: $0.8643 / $0.7813
24h Volume (ADA): 195.96M
24h Volume (USDT): $161.72M
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Bearish Short Setup:
Entry Zone: $0.8400 – $0.8600 (if price gets rejected below $0.8643)
TP1: $0.8120
TP2: $0.7850
TP3: $0.7610
Stop Loss: $0.8690
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Market Insights:
ADA is facing heavy resistance at $0.8643 with a lower high structure forming on the 1H and 4H charts. A breakdown below $0.8200 with rising sell volume could trigger a sharper correction.
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Pro Tip:
Wait for a clean rejection candle near $0.8600 or a break below $0.8200 with volume confirmation before entering. Use tight stop-loss to manage risk, and trail down for profits.
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Will ADA slide back toward its weekly support zone?
Comment your thoughts, smash that like, and follow for more short setups!
Buy And Trade Here On $ADA
