$ADA /USDT BEARISH SETUP 🔻📉
Cardano ($ADA) is showing clear bearish momentum as the price continues to reject key resistance levels and trades near recent lows. Let's break down the technicals for a potential short setup 👇
📊 Current Price: $0.7155
🔻 24h Change: -4.15%
🔑 KEY LEVELS:
📌 Resistance:
$0.7300 – Strong intraday rejection
$0.7580 – 24h high and psychological resistance
📌 Support:
$0.7120 – Immediate support zone
$0.7000 – Major psychological and structural support
$0.6800 – Next demand zone if breakdown continues
📉 TRADE SETUP – SHORT ENTRY:
🔹 Entry: $0.7150 – $0.7200
🔹 Targets (TP):
TP1: $0.7000
TP2: $0.6800
TP3: $0.6600
🔹 Stop Loss (SL): $0.7320 – Above resistance wick
⚠️ RISK MANAGEMENT TIP:
Never risk more than 1-2% of your capital per trade. Use proper position sizing and always stick to your SL. Let the trend be your friend! ✅
💥 Stay sharp, trade safe & follow the trend! 💥