š ADA/USDT ā Short Setup: Channel Rejection Play
ā° 15-Min Chart ā Testing Upper Descending Channel
š Current Price: $0.7264
š» Sell Zone: $0.73 ā $0.74
(Rejected from upper trendline of descending channel with bearish candle and weak momentum)
šÆ Targets:
TP1: $0.715
TP2: $0.700
TP3: $0.685
š Stop Loss: $0.751
š Setup Insight:
ADA is trading inside a well-defined descending channel and just rejected off the upper boundary. Bearish volume is beginning to increase, suggesting downside continuation within the channel.
š Confirmation Tip: A candle close below $0.72 with increased red volume strengthens the setup for further downside.