Cardano ($ADA ) Long Liquidation Alert!

Liquidation Amount: $9.75K

Liquidation Price: $0.7014

A significant long liquidation at $0.7014 suggests selling pressure is increasing. ADA is testing a crucial support level, and its next move will depend on whether buyers step in or if further downside follows.

Key Levels to Watch:

🔹 Support: $0.6900 – $0.7010

🔹 Resistance: $0.7200 – $0.7350

Potential Scenarios:

📌 Bullish Case: If $ADA holds above $0.70 and reclaims $0.72, momentum could push it toward $0.735. A strong break above resistance may signal further upside.

📌 Bearish Case: Losing $0.6900 could open doors for a deeper retracement toward $0.6750. A breakdown below this zone may trigger more liquidations.

Trade Setup:

🔸 Buy Entry: $0.7050 – $0.7100 (if price stabilizes above support)

🔸 Sell Entry: $0.6900 – $0.6950 (on confirmed breakdown)

Increased liquidation activity suggests volatility ahead. Keep a close eye on volume spikes and order book changes.

Trade wisely, stay ahead!

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