⚠️ $ADA /USDT – Bearish Rejection at Resistance! 🔻
Price: ~$0.5716 (–3.5%)
Cardano is facing strong resistance at the $0.58–$0.60 zone. Despite small bounces, price continues to get rejected with weak volume — a sign that bulls are losing control.
With lower highs forming and price stuck under key EMAs, ADA looks vulnerable for a short-term pullback.
📉 SHORT Setup Activated
🎯 Entry: $0.575 – $0.580
🎯 TP1: $0.554
🎯 TP2: $0.545
🎯 TP3: $0.535
🛡 Stop Loss: $0.588
💡 Strategy:
This is a range rejection trade, ideal for short-term scalpers and swing traders. Clean short entry near resistance with multiple TP zones. If $0.554 breaks, downside could accelerate — trail your stop after TP1 and ride it down to $0.535.