🚨 Cardano (ADA) Trade Setup: Bearish Momentum Ahead? 📉

Current Price: 0.8990

Key Resistance (SL Zone): 0.9305 (MA5)

Potential Targets: 0.8685 → 0.8380 → 0.8075

Risk-Reward Ratio: 1:2 or better

📊 Trade Breakdown

1️⃣ Bearish Signals:

· MACD Negative Divergence (DIFF < DEA, MACD: -0.00413).

· Price below MA5 (0.9305), indicating short-term weakness.

· Recent sell pressure (▼ red candles, high USDT volume).

2️⃣ Key Levels:

· Resistance: 0.9305 (MA5, stop-loss zone).

· Support: 0.8390 (recent low, TP2 target).

3️⃣ Trade Plan:

· Entry: Short on breakdown below 0.8990.

· Stop-Loss: Above 0.9305 (confirmation of reversal).

· Take-Profit: 0.8685 (1:1 R/R) → 0.8380 (1:2) → 0.8075 (1:3).

📉 Probability & Risk Management

· Success Chance: ~60-70% (bearish bias, but watch MA5 break).

· Exit Strategy: Partial profits at each TP level.

🔍 Final Thought: ADA looks weak, but a break above MA5 could invalidate the setup. Trade with strict risk control!

👇 What’s your take? Bullish reversal or more downside ahead?

#Cardano #ADA #Crypto #Trading #BinanceSquare