$ADA

ADA /USDT - A downward decline began after a strong rejection at the resistance level!

Current price: $0.6458

After testing the main resistance level near $0.6622, the ADA/USDT pair showed a sharp downward rejection on the 30-minute timeframe, confirming a short-term bearish trend. The candle formation indicates seller control and the likelihood of moving towards a lower support level.

Key levels:

Resistance: $0.6622

Support: $0.6152

Current price: $0.6458

Trading setup - Sell

Entry point:

Entry zone: $0.6478 - $0.6450

Target 1: $0.6350

Target 2: $0.6250

Final target: $0.6152

Stop loss point: $0.6622

Market outlook:

The ADA indicator failed to maintain a breakout at the higher level, and the rejection wick followed by strong bearish candles indicates further decline. Momentum is currently in favor of sellers unless buyers intervene strongly near the support level.

Risk management advice:

Use position size and set stop loss level appropriately. Do not over-leverage; aim for a risk-to-reward ratio of 1:2 or better.

Stick to discipline and adhere to your plan - patience and then patience!