$ADA /USDT BEARISH PULLBACK AFTER REJECTION FROM $0.84 PEAK
$ADA /USDT sharply reversed after hitting resistance at $0.8414, triggering a steep decline toward the $0.76 zone. The price is currently consolidating around $0.7819 with weak recovery candles, suggesting sellers may remain in control unless bulls reclaim $0.80+ soon.
Trade Setup (Short):
Entry: $0.782 – $0.790
Take Profit: $0.765 / $0.750
Stop Loss: $0.802
Market Outlook:
Cardano has printed a strong bearish engulfing on the 1H chart, marking a likely local top and signaling caution. Downward pressure may extend further if volume remains on the sell side.
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