:

ADA/USDT is currently showing a descending triangle pattern 🔻, indicating potential for a bearish breakout 🐻. The price is consolidating near the lower trendline, suggesting weakening bullish momentum 📉.

Trade Levels:

* Short Entry: Below $0.7750 (breakdown of the triangle) 📉.

* Target: $0.7500 (immediate support 🎯), $0.7200 (further target 🎯).

* Stop Loss: $0.7900 (above recent highs 🛑).

* Long Entry: Only if a decisive break above $0.8000 occurs 📈.

* Target: $0.8300 (resistance 🎯), $0.8500 (potential upside 🚀).

* Stop Loss: $0.7800 (below recent lows 🛑).

Leverage: Consider 5x-10x leverage for intraday trades 💰, adjust based on risk tolerance.

Market Outlook: The descending triangle suggests a higher probability of a bearish move 🐻. However, unexpected bullish catalysts could invalidate the pattern 📈. Trade cautiously and manage risk 🛡️.

#Wrire2Earns $ADA

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