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🚨ADA Survival? The key support at 0.74 becomes the turning point for bulls, smart money has already sneaked away!🚨
ADA current price 0.746, bears are pressing hard, but the support at 0.738 holds the line! Short-term technicals are oversold, hinting at a potential counterattack⚔️
📉 Quick look at the technicals:
Breaking below the holding cost + MA200 indicates that most people are trapped; liquidation may have already been released;
A drastic reduction of 82% in positions within 24 hours, yet the price remains stable, indicating that bears are fleeing and a rebound is near;
Trading volume has surged by 43%, but the price has only moved by 0.5%, clearly gathering momentum.
🎯 Operational thoughts:
Light position to test the long side: 0.738 (don’t go ALL IN)
Stop-loss set at: 0.725 (run fast if broken)
Target at: 0.777, if breached, can take profit in batches
Risk-reward ratio of 2.3:1, a good deal!
⚠️ Don’t forget the risks:
Significant drop in positions = poor liquidity, prone to flash crashes
Funding rate is negative, short position costs are low, need to monitor!
📌 In summary: This is a risky rebound bet, it’s not about luck, it’s about discipline and timing! If you want to gamble for a comeback, look here!💥
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.