$ADA coin
SHORT
Price: .7452
(Enter on entry price)
I can see that ADA has already broken down below a trendline support. Now, it is likely to move upward towards the orange horizontal resistance box, where it is expected to face rejection technically.
On the 24-hour time frame, there is a lot of liquidity present on the upside, but since Doge has already broken down, I expect it to start a downtrend soon.
There are two Money Flow Index (MFI) indicators I am watching. It looks like the MFI will pump slightly and then dump again from the blue trendline resistance. Overall, I am maintaining a bearish outlook on the market.
10x leverage isolated
Sl: .7652
Target:
1) .7150
2) .6888
3) .6700
4) .6371
For daily new signals like this, by following these simple steps:
Click my Binance LIVE for more information and signals update