Cardano ($ADA ) Short Liquidation at $0.74204 – What’s Next?
Cardano (ADA) has just witnessed a massive short liquidation of $101.24K at $0.74204, meaning traders who were betting on ADA's price to fall got liquidated. This suggests strong bullish pressure, but where is ADA headed next?
Current Market Condition
ADA is gaining strength, showing high demand at support levels.
Breaking above $0.75 could trigger a bigger rally as traders rush to buy.
However, corrections are possible, so managing risk is key.
Trading Plan – Buy Zone, Targets & Stop Loss
🔹 Buy Zone (Best Price to Enter):
$0.70 – $0.72 (if ADA retraces).
Above $0.75 (if it breaks out and holds support).
🔹 Target Levels (Profit Areas):
Target 1: $0.78
Target 2: $0.82
Target 3: $0.90+ (if bullish momentum continues).
🔹 Stop Loss (Risk Management):
Safe traders: $0.68
High-risk traders: $0.65
What’s Next for ADA?
✅ Bullish Scenario: If ADA holds above $0.74 – $0.75, it could push towards $0.80+ soon.
❌ Bearish Scenario: If ADA drops below $0.70, we might see a pullback to $0.68 – $0.65 before another bounce.
**Final Thoughts
#BNBChainMeme
$ADA
