$ADA USDT – REJECTION AT RESISTANCE, BEARS RE-ENTER!
STRONG WICK ABOVE $0.5882 REJECTED
BEARISH CANDLE ENGULFS PREVIOUS GAINS
After tapping a high of $0.5882, $ADA faced heavy resistance and sharply reversed. Price failed to hold above the mid-range zone, confirming a bearish engulfing on the hourly. MACD histogram shows weakening bullish momentum, hinting at downside continuation.
SHORT TRADE SIGNAL
Entry: $0.5810
Targets: $0.5740 / $0.5680
Stop Loss: $0.5865
A breakdown below $0.5780 may accelerate the bearish move.
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