$ADA /USDT – Bearish Pressure Resumes After Key Rejection
Cardano (ADA) faced a strong rejection near $0.6381 after forming a sharp upper wick. Price action now indicates lower highs and weakening bullish momentum, setting up a clean short opportunity.
Short Trade Setup:
Entry Zone: $0.6235
Final Target: $0.5908
Stop Loss: $0.6381
Why This Setup Makes Sense:
The rejection candle and immediate drop show resistance dominance. Momentum has flipped short-term bearish as bulls fail to sustain higher levels.
Risk Strategy: Secure profits at minor support zones, and use trailing stop after halfway move.
Take short Trade here on $ADA