📉 $ADA Trend Reversal Spotted – What's Next?
Cardano ($ADA ) on the 1H chart shows a clear shift in market structure. After printing Higher Highs (HH) and Higher Lows (HL), the trend reversed following a break below support (marked in red). Now, price is consolidating in a tight range, signaling indecision. A breakout from this box will likely determine the next move. If price breaks below the consolidation, expect bearish continuation. If it breaks above, a short-term recovery may begin.
Trade Setup – SHORT
Entry: $0.572
TP1: $0.560
TP2: $0.548
SL: $0.582