Do you still disagree ??
$ADA
### ** Current Market Context for $ADA**
1. **Mid-Range Chop**:
- The price is oscillating within a defined range (neither bullish nor bearish dominance).
- **Equilibrium at 0.7066**: This level acts as a psychological support/resistance zone where buyers and sellers are balanced.
2. **Liquidity Dynamics**:
- **Premium Liquidity Tapped**: Buyers have absorbed orders at higher prices (above equilibrium), reducing immediate upward pressure.
- **No Explosive Move Yet**: Despite liquidity being "tapped," there’s no decisive breakout or breakdown.
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### **Two Possible Scenarios**
#### **1. Bullish Case (Upside)**
- **Trigger**: If ADA holds above **0.7066** and starts trending upward with increasing volume.
- **Targets**:
- **First Take-Profit**: **0.747** (a prior resistance level or liquidity pool).
- **Final Target**: **0.78–0.80** (Previous Weekly High/PWH), where sellers might re-enter.
- **Stop Loss**: **Below 0.69** to limit losses if the bullish setup fails.
#### **2. Bearish Risk (Downside)**
- **Trigger**: If ADA breaks and closes below **0.7066**, signaling a loss of buyer confidence.
- **Risk**: Price could "bleed" into discount zones (lower support levels), potentially targeting **0.65–0.68**.
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### **Why These Levels Matter**
- **0.7066 (Equilibrium)**:
- Acts as a "make-or-break" level. Holding above it suggests buyers are defending the price.
- **0.747 & 0.78–0.80**:
- Historical price areas where traders previously took profits or shorted.
- **0.69 Stop Loss**:
- A level where the bullish thesis would be invalidated, indicating stronger selling pressure.
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### **Key Trading Principles Illustrated Here**
1. **Patience**: Wait for confirmation (hold above 0.7066) before entering.
2. **Risk Management**: Use a stop loss to protect capital.
3. **Liquidity Hunting**: Markets often move toward areas with clustered orders (e.g., 0.78–0.80).
