$ADA BEARISH PULLBACK – CONSOLIDATION BELOW RESISTANCE AFTER STRONG RUN

📉 Current Price: $0.6319 (▼ -1.99%)

📊 24h High / Low: $0.6575 / $0.6189

📈 24h Volume: 113.02M ADA | $72.56M USDT

🔥 Trend: Pullback Phase After Resistance Rejection

🔍 KEY TECHNICAL LEVELS:

Immediate Resistance: 🔼 $0.6575 – Recent top and short-term breakout barrier

Major Resistance: 🔼 $0.7000 – Psychological resistance, top of previous trading range

Support 1: 🔽 $0.6200 – Near 24h low and short-term bounce zone

Support 2: 🔽 $0.6000 – Strong support & round number level

Major Support: 🔽 $0.5800 – If broken, trend may shift fully bearish short-term

⚔️ TRADE SETUP – SHORT POSITION (IF REJECTION CONTINUES)

📌 Short Entry Zone: $0.640 – $0.650 (if unable to reclaim above $0.6575)

🎯 Targets (TP):

TP1: $0.6200

TP2: $0.6000

TP3: $0.5800

🛡️ Stop Loss (SL): $0.6620 (above recent high and resistance level)

✅ ALTERNATIVE BULLISH SETUP (IF BREAKS ABOVE $0.660):

Entry: $0.662 – $0.670

🎯 TP1: $0.700

🎯 TP2: $0.740

🛡️ SL: $0.640

⚖️ RISK MANAGEMENT:

Use 1–1.5% of capital per trade

Adjust size for Risk/Reward ≥ 1:2

Avoid emotional entries during volatile candles; wait for confirmations or key level rejections

📌 Conclusion:

$ADA/USDT is currently cooling off after hitting short-term resistance near $0.66–$0.6575. A failure to reclaim $0.660 could push it lower to retest $0.60–$0.58.

However, a bullish reclaim above $0.660 with volume could flip the structure and target $0.70+ levels again.

Stay

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