$ADA LONGS LIQUIDATED – PRESSURE IN BULK!
$6.5K in long positions have just been liquidated at $0.70796 — and the market is shaking.
This sudden slip could be the spark before a major reversal or the beginning of deeper pain.
What just happened?
A sharp drop triggered large long liquidations, wiping out weak hands.
Liquidity captured below $0.708 — often a setup for big bounces.
Volume increased — signaling that aggressive players are entering.
Support and Resistance:
Support: $0.6950 / $0.6780
Resistance: $0.7150 / $0.7350
What's next for $ADA?
$ADA If the price stays above $0.695 and recovers $0.708, we could see a strong bounce.
Momentum traders will be on the lookout for a push above $0.715 for bullish confirmation.
Suggested Plan:
Entry (high-risk bounce): $0.698–$0.705
T1: $0.715
T2: $0.728
T3: $0.742
SL: Below $0.680
The liquidation wipes out the weak — but smart traders prepare for the reversal.
Watch $ADA closely — it is coiling, and the next move could be FAST and VIOLENT.