$ADA /USDT – Short Trade Setup 🚨
Cardano (ADA) is facing strong resistance at $0.7242, struggling to sustain its upward momentum. The price is currently at $0.7205, showing signs of consolidation. If ADA fails to reclaim $0.7240, a pullback is likely, offering a shorting opportunity.
🔻 Entry Zone: $0.7205 – $0.7240
🎯 Target 1: $0.7115
🎯 Target 2: $0.7039
🎯 Target 3: $0.6966
❌ Stop Loss: $0.7259
📉 A break below $0.7185 could accelerate selling pressure, confirming a short-term reversal. Watch for volume confirmation to validate the downside move.
⚠️ Pro Tip: If ADA fails to break above $0.7240, expect a retest of lower supports before any bullish attempt.