$ADA /USDT BEARISH MOVE LOOMING AS PRICE REJECTS KEY RESISTANCE ⚠️📉
🔍 Technical Analysis:
Cardano () is currently trading at $0.6360, showing weakness after testing the key resistance zone around $0.6450 - $0.6500. Price failed to break above this level, forming a potential short-term double top pattern on the 1H and 4H charts — a classic bearish signal.
📊 Key Levels:
Resistance:
🔺 $0.6450 - Immediate resistance
🔺 $0.6600 - Strong breakout resistance
Support:
🔻 $0.6270 - First support
🔻 $0.6120 - Key downside target
💼 Trade Setup (Short Entry):
Entry: 🔽 Sell at $0.6350 - $0.6370
Target 1: 🎯 $0.6270
Target 2: 🎯 $0.6120
Stop Loss: 🛑 $0.6520
📈 If price breaks below $0.6270 with strong volume, expect accelerated downside toward the $0.6120 zone.
🛡️ Risk Management:
💰 Risk only 1-2% of your trading capital per trade.
📏 Stick to your SL and avoid revenge trading. Let the setup come to you!
📉 Bearish bias remains unless $ADA reclaims and closes above $0.6520 with strong volume.
📲 Stay sharp, stay disciplined, and let the charts guide you! 🚨
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