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Bearish
🚨 $ADA USD – BEARISH REJECTION IN PLAY 🚨
Cardano just tapped into a key resistance zone near $0.812 and faced an immediate rejection. Sellers are stepping in, and price action is now showing weakness around $0.802. If bearish momentum continues, a deeper slide towards support levels is on the table.
📊 Trade Setup (Short)
Entry Zone: $0.802 – $0.805
TP1: $0.784
Stop-Loss: Above $0.812
📉 Market Outlook:
Rejection from the supply zone signals strong seller interest. As long as price stays below $0.812, the bearish setup remains valid. Watch for increased selling pressure on lower timeframes.
#ADA #Cardano #CryptoTrading #BearishSetup #PriceAction
Cardano just tapped into a key resistance zone near $0.812 and faced an immediate rejection. Sellers are stepping in, and price action is now showing weakness around $0.802. If bearish momentum continues, a deeper slide towards support levels is on the table.
📊 Trade Setup (Short)
Entry Zone: $0.802 – $0.805
TP1: $0.784
Stop-Loss: Above $0.812
📉 Market Outlook:
Rejection from the supply zone signals strong seller interest. As long as price stays below $0.812, the bearish setup remains valid. Watch for increased selling pressure on lower timeframes.
#ADA #Cardano #CryptoTrading #BearishSetup #PriceAction
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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