š $ADA ā Distribution Continues | Sell-the-Rally Bias
$ADA remains in a controlled distribution phase after failing to sustain acceptance above the 0.41ā0.43 supply zone. Market structure continues to favor selling rallies, not anticipating a reversal.
š Trade Plan ā SHORT
Entry Zone: 0.398 ā 0.405
(Underside of broken range + corrective supply)
š Stop Loss: 0.437
(Above last structural high & rejection wick ā full invalidation)
šÆ Targets:
ā¢ 0.372
ā¢ 0.350
ā¢ 0.325
š Technical Context
ā¢ Consistent lower highs & lower lows
ā¢ Bounces show weak follow-through and immediate selling
ā¢ Recent bounce from 0.384 looks like short-covering, not accumulation
ā¢ Acceptance below prior support confirms downside continuation
ā ļø Invalidation
This bearish thesis remains valid unless ADA reclaims and holds above 0.405ā0.410 on a sustained 4H close.
A daily close above 0.437 would invalidate the distribution structure and require reassessment.
Bias: Defensive & risk-focused
Approach: Fade rallies until structure proves otherwise
Trade smart. Manage risk.