🔻 $ADA

/JPY – SHORT BIAS AS UPTREND STALLS BELOW RESISTANCE

Cardano (ADA/JPY) is currently trading at 83.23 JPY ($0.5759), up +0.74% on the day,

but failing to push convincingly past 84.50 resistance. The pair is showing signs of distribution near key levels,

opening the door to a short opportunity if downside triggers activate.

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🔑 Key Levels

Resistance Zone: 84.33 – 85.34

Support Zone: 82.32 → 81.54

Current Price: 83.23 JPY

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📉 Bearish Setup (Short Trade Idea)

Entry: 83.20–83.40 JPY

Take Profit 1: 82.32

Take Profit 2: 81.54

Stop Loss: 84.60

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📊 Technical Highlights

Price is hovering below MA(10) (9,414 volume vs. MA(5) 5,970), showing decelerating buyer strength.

Repeated rejection below 84.50 signals seller defense at a key supply zone.

If 82.32 breaks, the pair could cascade to 81.50, aligning with a previous liquidity pocket.

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⚠️ Risk Notes

Stop above 84.60 ensures you're out if price breaks prior highs.

Use reduced size or trailing stop if trading into high-volume JPY sessions (Tokyo open).

Short bias invalidates if price holds above 85.34.

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