$ADA – SHORT TRADE SIGNAL AS BOUNCE STALLS BELOW KEY RESISTANCE
LOWER HIGHS STILL INTACT
BOUNCE FROM $0.6842 MEETS SELLING NEAR $0.73
Despite a 4.75% rebound off the $0.6842 local low, $ADA remains in a broader downtrend with consistent lower highs. The recent rally has paused under $0.73, which now acts as near-term resistance. Unless price reclaims the $0.7512–$0.76 range, selling pressure may resume.
Trade Setup:
Short Entry: $0.723 – $0.728
Take Profit Targets:
TP1: $0.708
TP2: $0.694
TP3: $0.680
Stop Loss: $0.738
Market Outlook:
$ADA faces overhead resistance and weak follow-through. Without bullish momentum, downside continuation remains likely.
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