🔻🔥 $ADA USDT BEARISH BREAKDOWN – CARDANO UNDER HEAVY PRESSURE!

Cardano is down ~5% today, trading at $0.5693. Bears have broken below key support, eyeing deeper targets as momentum continues south.

🔎 KEY LEVELS:

🔻 Support:

→ Immediate: $0.5668

→ Next major: $0.5455

🔺 Resistance:

→ $0.6000

→ $0.6122

📉 TRADE SETUP (SHORT):

Entry Zone: $0.5700 – $0.5650

Take Profit Targets:

→ TP1: $0.5550

→ TP2: $0.5455

Stop Loss: $0.6020

💡 MARKET OUTLOOK:

Price is locked below $0.6000 resistance with bearish engulfing patterns visible on higher timeframes. If $0.5668 fails to hold, expect a swift drop towards $0.5455, while a daily close above $0.6020 will invalidate this bearish setup.

⚠️ RISK MANAGEMENT:

Stay disciplined with your stop loss. Never risk more than 1-2% of your wallet per trade.

🧠 “Every breakdown is an opportunity for those who plan, not panic.”

#Cardano #ADAUSDT #BinanceTrading #TechnicalAnalysis #Write2Earn

$ADA