🔻🔥 $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