$ADA

📉 Current Snapshot:

Price: 0.7621 USDT

Recent Trend: Downtrend from ~$0.86

Volume: Increasing slightly during the last red candle (7.67M), showing selling pressure

Support Zone: Around $0.75 (currently testing)

Resistance Zone: Around $0.82–$0.84

🔍 Chart Pattern Observations:
1. Lower Highs & Lower Lows:

The market has consistently made lower highs and lower lows, indicating a bearish structure.

2. Strong Sell Candle Just Formed:

The last candle is red, large-bodied, and pushing below the previous consolidation range.

Volume spike on a red candle = likely confirmation of bearish sentiment.

3. Support Retest at ~$0.75:

Price is hovering near an important support level.

If this $0.75 zone breaks, it could fall to $0.70 or even $0.68 short term.

🔮 What Should You Do?
✅ SHORT Position (with caution)

Why:

Bearish momentum is strong

Breakdown below support looks likely

No bullish reversal pattern yet

Entry: Around 0.7620–0.7650
Target: 0.7350 / 0.7150
Stop-loss: 0.7800 (above last lower high)

🧠 TIP: Wait for 1–2 candles to close below 0.75 for stronger confirmation before entering aggressively.

⚠️ When to Go LONG?

Only consider a long position if:

Price reclaims above $0.80 with volume

You see a bullish reversal pattern (e.g., double bottom or bullish engulfing)

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