$ADA BEARISH PRESSURE – STRUGGLING BELOW KEY RESISTANCE ZONE

📉 Current Price: $0.6324 (▼ -2.09%)

📊 24h High / Low: $0.6575 / $0.6189

💰 24h Volume: 112.06M ADA | $71.92M USDT

🔄 Trend: Weakening Momentum – Bearish Rejection Near Resistance

🔍 KEY TECHNICAL LEVELS:

Immediate Resistance: 🔼 $0.6575 – 24h high and current breakout barrier

Major Resistance: 🔼 $0.7000 – Strong supply zone and psychological ceiling

Support 1: 🔽 $0.6200 – Near 24h low; critical for short-term structure

Support 2: 🔽 $0.6000 – Key psychological and historical support

Major Support: 🔽 $0.5800 – If lost, confirms trend reversal bearish

⚔️ TRADE SETUP – SHORT POSITION (If Rejection Continues)

📌 Short Entry: $0.638 – $0.645 (on bounce rejection below resistance)

🎯 Targets (TP):

TP1: $0.620

TP2: $0.600

TP3: $0.580

🛡️ Stop Loss (SL): $0.660 (just above recent high for invalidation)

✅ ALTERNATIVE LONG SETUP (IF BREAKOUT OCCURS):

📌 Long Entry: $0.662 – $0.670 (only on breakout with strong volume)

🎯 Targets:

TP1: $0.700

TP2: $0.740

🛡️ SL: $0.640

⚖️ RISK MANAGEMENT:

Limit position size to 1–2% of capital

Always maintain Risk/Reward ≥ 2:1

Wait for confirmation candles and volume spikes before entering breakouts or breakdowns

📌 Conclusion:

$ADA/USDT is facing clear bearish pressure below the $0.6575 resistance, with current price action leaning toward another retest of $0.6200 support.

If bulls fail to reclaim the $0.66 zone soon, a deeper correction toward $0.60 or even $0.58 may follow.

Trade the range with discipline — react to structure, not emotion. 📉🔍

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