#BinanceEarnYieldArena ADA Breaking Down!

Market Situation:

1. *Current Price*: $0.7392 (-2.97%)

2. *Key Levels*:

- Resistance: $0.7450, $0.7744

- Support: $0.7276

Trade Setup – SHORT Opportunity:

1. *Entry Zone*: $0.7280 - $0.7320

2. *Stop Loss*: $0.7455

3. *Targets*:

- TP1: $0.7100

- TP2: $0.6850

Market Insight:

1. *Seller Dominance*: Weak bounce attempts indicate seller dominance.

2. *Volume Fading*: Volume fading, breakdown likely to accelerate.

3. *Daily Low Tested*: ²²⁵ tested daily low.

Pro Tip:

1. *Retest of $0.735*: Watch for a retest of $0.735 as a safer short re-entry.

2. *Price Close Below $0.7276*: If price closes below $0.7276 on the 15m or 1H, momentum could shift aggressively down.

Trading Strategy:

1. *Monitor Breakdown*: Watch for a breakdown below $0.7276.

2. *Enter Short Position*: Consider entering short position within the specified entry zone.

3. *Set Targets*: Set targets according to target prices.

4. *Manage Risk*: Adjust stop loss as needed to manage risk.$ADA