$ADA — BEARISH PULLBACK AFTER STRONG RALLY
$ADA surged to $1.0193 but faced heavy selling pressure, triggering a sharp retracement to the $0.90 zone. This pullback suggests profit-taking after the recent vertical rally, with momentum now cooling off. A failure to reclaim $0.92 could extend downside pressure toward $0.87–$0.86 support.
Trade Setup:
Short Entry: $0.915 – $0.925
Take Profit 1: $0.880
Take Profit 2: $0.865
Stop Loss: $0.940
Market Outlook:
Momentum has shifted from bullish to corrective in the short term. Watch for a potential consolidation before the next decisive move. Bears have the upper hand unless ADA breaks back above $0.94 with volume.