$ADA
BEARISH SETUP ⚠️ | LOSING GRIP NEAR SUPPORT ZONE
ADA is currently trading at $0.5926 (-0.44%), after getting rejected near the $0.6119 high. Price is slipping and showing signs of weakness below the psychological $0.6000 mark. 📉
📊 TECHNICAL OUTLOOK
ADA is trending downward after multiple failed attempts to reclaim the $0.6100+ resistance zone. A breakdown below $0.5850 could open room for deeper downside.
🔑 KEY LEVELS
Resistance: $0.6000 – $0.6150 🔼
Support: $0.5850 – $0.5800 🧱
⚔️ TRADE SETUP (SHORT)
Entry: $0.5920 – $0.5950
Take Profit:
• TP1: $0.5850
• TP2: $0.5800
Stop Loss: $0.6020 🔒
📉 RISK MANAGEMENT
Risk only 1–2% of capital. Use defined SL, avoid emotional trading, and manage positions with discipline! 🛡️📊