🔴$ADA
ADAUSDT
Perp
0.402
-3.17%
BEARISH SETUP: DOWNSIDE PRESSURE IN PLAY
The $ADA chart is showing signs of bearish momentum after failing to break above the 0.4000–0.4050 resistance zone. Price has formed lower highs on the 4H chart, with selling pressure confirmed near 0.3950. Key support levels at 0.3900 and 0.3856 are under threat, suggesting a potential move toward lower support if the bears maintain control.
Entry: Short below 0.3900 confirmation.
Targets (TP):
TP1: 0.3856
TP2: 0.3800
TP3: 0.3750
Stop Loss (SL): Above 0.4000 swing high.
Risk Management: Use a 1:2 risk-to-reward ratio, scale positions carefully, and avoid over-leveraging during high volatility.