$ADX /USDT – Bearish Breakdown in Progress!

Momentum Analysis: The price of ADX has been experiencing slight downward pressure with a 0.97% decrease over the last 24 hours, dipping below key support levels around $0.1229. EMA(7) at 0.1232 and EMA(25) at 0.1227 show consolidation, but with downward potential.

Short Setup:

Entry Zone: Consider shorting at the current price or after a retest near $0.1240.

Targets:

T1: $0.1200

T2: $0.1180

T3: $0.1160

Stop Loss: $0.1250 (Break above this level invalidates the short)

Breakout Confirmation Level: Watch for a clear break below $0.1196 for confirmation of bearish continuation.

Key Support: $0.1196 is a key support; if this level breaks, the price may head lower.

Pro Tip for Traders: Be cautious of any short-term rebound as the price approaches the lower support. Monitor volume closely for signs of momentum shift.

Relevant Hashtags: #ADX #Bearish #CryptoTrading #ADXUSDT #Breakdown