$ADA
/USDT SHARP REJECTION FROM HIGHS — BEARISH REVERSAL OR DIP BUY?
$ADA spiked to $0.7839 but faced immediate rejection, now pulling back sharply to $0.7435 — a -4.24% drop from the local top. The 1H chart signals a potential short-term bearish reversal if $0.74 fails to hold as support.
Trade Setup (Short):
Entry: $0.745 – $0.750
Take Profit (TP): $0.728 / $0.715
Stop Loss (SL): $0.762
Market Outlook:
Volatility is increasing and this candle suggests sellers are taking over after an extended move up. If $0.74 breaks, a retest of lower supports is likely. Wait for confirmation if trading the breakdown.
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