š» $ADA /USD BEARISH ANALYSIS ā CARDANO FACES SELL PRESSURE š»
Cardano (ADA) is showing bearish momentum as the price trades around $0.6350 (-1.15%), rejecting key resistance and forming lower highs. š
š Key Levels:
Resistance: $0.6500 š§± | $0.7000
Support: $0.6000 š§ | $0.5700
Current Price: $0.6350 ā³
š¼ Trade Setup ā SHORT Entry:
Entry: $0.6350
Take Profit (TP):
šÆ TP1: $0.6000
šÆ TP2: $0.5700
Stop Loss (SL): $0.6550 ā
ā ļø Risk Management:
Use 1-2% of your capital per trade. Avoid overleveraging. Always trade with a plan. šš
š Trend is your friend ā follow it wisely!
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