$ADA/USDT – Bearish trend intensifies 📉
📊 Current price: $0.607
📈 Support zone: $0.601 - $0.605
📉 Resistance level: $0.651 - $0.655
From the chart, the current price is close to a strong support zone; however, market sentiment is bearish, and the price is retreating near the highs. If it breaks below $0.601, it could trigger a larger decline. Here are the trade settings:
📌 Trade settings
- Short entry: $0.606 - $0.610 📊
- Target 1 (TP1): $0.590 🎯
- Target 2 (TP2): $0.580 🚀
- Stop loss (SL): $0.615 ⚠️
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🌟 Market outlook
Due to increased selling pressure, the price may further test the support zone. If it breaks below $0.601, it could trigger a wave of short positions, targeting $0.590. However, if the price rebounds and breaks above $0.615, the strategy will need to be adjusted.
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⚠️ Risk management
- Set stop losses for each trade to protect capital.
- It is recommended to keep the risk for each trade within 1-2% of the portfolio.
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