$ADA

USDT BEARISH BREAKDOWN – CARDANO FACES STRONG REJECTION

Cardano is showing clear bearish momentum after rejection from key resistance levels. Currently trading at $0.5766 (-3.76%), it failed to sustain above the $0.5933-$0.6032 resistance zone and is now aiming lower.

🔑 Key Levels:

Resistance: $0.5900, $0.5933, $0.6032

Support: $0.5600, $0.5453, $0.5371

Current Price: $0.5766

💡 Trade Setup (Short):

Entry: $0.5760 – $0.5800

Take Profits:

TP1: $0.5600

TP2: $0.5453

TP3: $0.5371

Stop Loss: $0.6032

📉 Market Outlook: With the rejection from resistance and fresh bearish engulfing formation, sellers are gaining control. If ADA breaks below the $0.5600 support cleanly, further downside towards $0.5453 is expected in the short term.

⚠️ Risk Management: Always risk only 1-2% per trade, maintain discipline, and adjust stop loss if volatility spikes to protect capital effectively.

💭 Comment ‘💔’ if you see Cardano sliding further this week.

#Cardano #ADA #CryptoTrading #BearishSetup #TechnicalAnalysis

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