$ADA /USDT – BEARISH REVERSAL IN PLAY!

Cardano is under heavy selling pressure, currently trading at $0.6957 (-6.18%), after failing to sustain above key resistance zones. The structure is leaning bearish with lower highs forming on multiple timeframes.

KEY TECHNICAL LEVELS:

Current Price: $0.6957

Major Resistance: $0.7100 / $0.7300

Support Zones: $0.6880 / $0.6700

Breakdown Trigger: A firm close below $0.6880 signals further downside

ADA rejected near $0.7400, forming a strong resistance wall, with increasing volume on the downside — a classic signal of distribution.

TRADE SETUP – SHORT ENTRY IDEA:

Entry (Short): $0.6940 – $0.6980

Take Profit (TP1): $0.6700

Take Profit (TP2): $0.6500

Stop Loss (SL): $0.7080

Watch for a 4H candle close below $0.6880 to confirm momentum.

RISK MANAGEMENT:

Always risk only 1–2% of your capital. Set SL and TP before entering. Maintain a minimum 1:2 Risk-to-Reward to stay consistent. Avoid emotional trading.

Trade the trend. Protect your capital. Let the chart speak.

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