🚨 $ADA

A / Short selling signal for USDT pair 🛑 🚦

Short sellers are tightening their grip, and the main support is under pressure!

ADA failed to maintain its price above $0.7500 and is now consolidating around $0.7220, indicating increased selling pressure. A drop below $0.7180 could accelerate the downward momentum toward lower support levels, giving short sellers an advantage in the short term.

📊 Trading setup (Short selling)

Entry area: $0.7230 - $0.7280

Take profit 1: $0.7180

Take profit 2: $0.7100

Stop loss: $0.7350

📉 Market outlook

The momentum remains bearish with lower highs forming on the four-hour chart. Unless bulls reclaim the support level between $0.7350 and $0.7400, ADA is likely to test deeper support levels. Watch for spikes in trading volume at key breakouts for confirmation.