$ADA

Entry Zone:

$0.6271 - Enter the short position as ADA faces rejection at the resistance zone.

Targets:

Target 1: $0.6200 - A key support level where ADA might experience a temporary bounce.

Target 2: $0.6036 - A strong support area, expected to provide solid buying interest if the price continues to drop.

Stop Loss:

$0.6388 - Keep your stop loss above the recent resistance high to manage risk efficiently.

Market Insights

ADA is currently testing a major resistance at $0.6300. A rejection from here could lead to a price drop. A break below $0.6270 confirms a continuation of the downtrend towards lower targets. Watch for volume confirmation to ensure the bearish momentum is strong.

Pro tip

If ADA falls below $0.6270 with strong volume, expect rapid movement toward $0.6200 and further towards $0.6036. Be patient and avoid FOMO - wait for confirmation before entering!

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