$ADA – SHARP REJECTION FROM HIGHS! BEARS STRIKING BACK
REJECTION AT $0.8054
STRONG BEARISH ENGULFING CANDLE
After testing the $0.8054 level, $ADA printed a strong bearish engulfing candle, wiping out multiple bullish candles in one move. Price has dropped rapidly to $0.7869, signaling exhaustion from the bulls and possible trend reversal on lower timeframes.
SHORT Entry: $0.786
Target 1 (TP1): $0.774
Target 2 (TP2): $0.763
Stop Loss (SL): $0.807
Momentum has shifted. Further downside likely if bulls fail to reclaim $0.80 quickly.
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