🔴 $ADA

USDT BEARISH BREAKDOWN – WILL CARDANO HOLD THIS FREEFALL?

$ADAUSDT is experiencing intense selling pressure on the 1h timeframe, dropping over 8% today. Current price is 0.5386, hovering just above its 24h low, signalling strong bearish momentum with no immediate reversal signs.

🔑 Key Levels:

Support: 0.5366 (24h low and immediate defence zone)

Resistance: 0.5500 / 0.5700

🎯 Trade Setup (Short Entry):

Entry: 0.5400 – 0.5450

Take Profits:

TP1: 0.5366

TP2: 0.5300

Stop Loss: 0.5550

📈 Market Outlook:

Trend remains bearish with consecutive lower highs and lows. If ADAUSDT breaks below 0.5366, expect a fast drop towards 0.5300 and potentially deeper if market weakness persists.

⚠️ Risk Management:

Use only 2-3% of your portfolio per trade. Stick to your stop loss and avoid emotional entries during accelerated downtrends.

💭 Is Cardano setting up for a bounce or will bears keep crushing it? Drop your thoughts below! 👇

#ADA #Cardano #CryptoAnalysis #BinanceTrading #BearishSetup

buy and trade here on $ADA