$ADA /USDT TECHNICAL ANALYSIS – BEARS TESTING SUPPORT!
#Cardano is trading around $0.6800, down by 0.80%, as the price struggles to stay above key support. After failing to reclaim the $0.7100–$0.7200 resistance zone, ADA has slipped back into a potential correction phase. Bears are gaining momentum near the lower trendline, and a break below $0.6700 may confirm further downside.
Trade Setup (SHORT):
Entry: $0.6780 – $0.6850
Target 1: $0.6600
Target 2: $0.6400
Stop Loss: $0.7020
Why Short?
Price is respecting the descending resistance and forming lower highs. Volume remains weak on bullish attempts, while support at $0.6700 is getting retested repeatedly — a breakdown could trigger further selling. Bears are watching for a confirmation candle below support.
Risk Management Tip:
Tighten SL if price consolidates near $0.6700 without breakdown — avoid fakeouts. Stick to the setup and manage risk per your plan.
Sell smart — don’t chase green candles when the trend is turning red!
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!