$ADA /USDT BEARISH PULLBACK – SUPPORT AT $0.56 IN FOCUS AS MOMENTUM WEAKENS 🔻📉

📊 Current Price: $0.5749 (–4.41%)

📈 24H High: $0.6034

📉 24H Low: $0.5629

🔄 24H Volume: 84.20M ADA / $48.71M USDT

🔍 TECHNICAL OVERVIEW:

$ADA is facing a clear short-term correction after rejection from above $0.60. The price has now retraced to the $0.56–$0.57 demand zone, which previously acted as support. If bulls fail to hold this level, the next leg could push ADA toward $0.55 and $0.52, where stronger historical demand lies.

Price structure is showing lower highs forming, indicating momentum loss. To regain strength, ADA must break and close above $0.60.

🔑 KEY LEVELS TO WATCH:

🔼 Resistance 1: $0.6000 (round level resistance)

🔼 Resistance 2: $0.6034 (24H high)

🔽 Support 1: $0.5629 (24H low)

🔽 Support 2: $0.5500

🔽 Support 3: $0.5200

🧭 TRADE SETUPS:

🔻 SHORT SETUP (On Breakdown):

📥 Entry: $0.5680 – $0.5740 (retest of breakdown structure)

🎯 Targets:

TP1: $0.5500

TP2: $0.5200

🛑 Stop Loss: $0.6040

🔄 LONG SETUP (Only If Reversal Confirmed):

📥 Entry: $0.5630 – $0.5680 (strong bounce with bullish candle)

🎯 Targets:

TP1: $0.5950

TP2: $0.6030

🛑 Stop Loss: $0.5540

💡 RISK MANAGEMENT TIPS:

Limit exposure to 2% of account capital per trade

Use candle structure and RSI divergence for confirmation

Avoid trading inside tight range – wait for breakout or breakdown

Consider partial profits at TP1 and adjust SL to breakeven

📉 ADA is losing bullish momentum. Eyes on $0.5629 – a break below opens room to $0.55–$0.52. Bulls need a strong reclaim of $0.60 to regain control.

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