🔍 $ADA increased by nearly 27% – but could it be a bull trap? 🐂🚨
Cardano (ADA) is thriving, up nearly 3% in 24h and 26.86% in the week. It looks appealing, but be careful – this could be a classic "raise you up then… bring you down" 😅
Reasons to be cautious:
📈 Open Interest (OI) exceeds 1.2 billion dollars – usually a sign of rising prices, but also a place where sharks are lurking to liquidate.
🟢 Spot trading has a net inflow of over 14 million dollars in ADA – FOMO is spreading quickly.
🔒 TVL in the Cardano ecosystem has slightly increased → Positive signal, but not very sustainable yet.
Where is the issue?
👀 Looking at the liquidation map:
The $0.78 zone is the nearest liquidity cluster — high likelihood that ADA will hit it and then… reverse. 🛑
Below that, there’s a large gap from $0.75 to $0.68 → Sharks just need to push lightly, and all Long orders will vanish 🌪️
🧠 Conclusion: Beautiful price, bright data — but too many people are Long, close to the liquidation cluster = high risk of a bull trap!
⛔ Going Long isn't bad, but going Long without a stop loss is… game over!
#CardanoADA #CryptoTrap #ADAUpdate #BullTrapAlert #CryptoFOMO