$ADA Long Liquidation: $6.2999K at $0.6697

I’m watching ADA after this long liquidation hit around $0.6697. This flush likely cleared out over-leveraged longs, which often sets up a short-term recovery zone. Price reacted well near a strong support range.

Here’s my trade setup

Entry Zone: $0.662 – $0.675

Target Points:

• First target: $0.695

• Second target: $0.715

• Final target: $0.738

Stop Loss: Below $0.655

I’m going for a bounce play. After liquidations, market makers usually push price back up to fill imbalance zones and trap late shorts. If momentum builds, ADA can quickly reclaim the $0.70 area.

I’m staying patient and focused on clean confirmations.

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