$ADA BEARISH BREAKDOWN SETUP – PRESSURE BUILDING BELOW $0.65! ⚠️📉

Cardano is trading at $0.6333 (-0.94%), struggling to regain momentum after a rejection from the 24h high of $0.6575. With price leaning toward the lower end of the current range and volume slowing, ADA appears poised for a potential short-term breakdown unless buyers reclaim key levels fast.

🔍 KEY LEVELS TO WATCH

Immediate Resistance: $0.6500 (minor rejection + recent swing high)

Major Resistance: $0.6800 → $0.7000 (supply zone)

Immediate Support: $0.6200 (24h low proximity)

Critical Support: $0.6000 (psychological + structural support)

📉 TRADE SETUP (SHORT POSITION)

Entry: On 15m–1h rejection candle from $0.6400–$0.6500

Take Profit (TP):

TP1: $0.6200

TP2: $0.6050

TP3: $0.5850 (if $0.60 breaks)

Stop Loss (SL): $0.6625 (above recent resistance zone)

✅ ALTERNATE BULLISH SCENARIO

If ADA breaks above $0.66 with volume and a strong close → trend shift possible toward $0.68–$0.70

Wait for confirmation via volume + RSI above 50 on 1H

⚠️ RISK MANAGEMENT

Keep risk at 1–2% of capital

Don’t short blindly—wait for clear rejection or breakdown candle

Watch volume; declining volume on bounces confirms bearish pressure

Summary: ADA is showing weakness near key resistance at $0.65. If it fails to reclaim this zone, expect a move toward $0.60. Great opportunity for short trades with tight SLs in this setup. ⚙️📊

Need a 4H analysis with indicators or trend channel? Let me know!

#IsraelIranConflict #MarketRebound #IsraelIranConflict #IsraelIranConflict #CardanoDebate $ADA