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📊 Short-Term Analysis for $ADA /USDT (15m - 1h) 🔥
📉 Why a Short Trade?
1️⃣ Key Resistance at $0.740 - $0.747 🚧
ADA is struggling to break above $0.740 - $0.747, with multiple rejections.
If this resistance holds, a pullback is likely.
2️⃣ Bearish RSI Divergence 📊
RSI is overbought on lower timeframes, showing weakening bullish momentum.
This signals a potential short-term correction.
3️⃣ Decreasing Volume & Exhaustion 📉
24H Volume: 155.28M USDT, showing lower buyer interest.
If volume continues dropping, buyers might lose control, leading to a retracement.
4️⃣ Support Zone at $0.720 - $0.703 📉
If price breaks below $0.730, expect a move toward $0.720 - $0.703.
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📊 Short-Term Trade Setup (15m - 1h) 📊
🔻 Short Entry: $0.735 - $0.740 (Near resistance)
🎯 Targets: $0.720, $0.710, and $0.703
🛑 Stop Loss: $0.750 (Above resistance)
🔹 Breakdown Confirmation:
If $0.703 breaks, expect further downside toward $0.690.
If price bounces from $0.720, consider securing profits early.
⚠️ Risk Management:
Keep SL tight to manage risk in case of a breakout.
Wait for rejection at $0.740 before entering.
🚀 Overall Bias: Bearish (As long as $0.740 - $0.747 holds as resistance)