$ADA /USDT Sell Signal 🚦🛑

Downward retest incoming - Short before the drop

Cardano is currently trading at $0.7490, showing a clear rejection from the lower peak area at $0.7557 after failing to break through resistance. The price of the currency confirms a downward retest at the supply zone, indicating a continuation of the decline with weak trading volume and sellers maintaining control. The trading structure is likely to set up a sell position towards the next major support level.

Trading Setup:

Sell Entry: $0.7520 - $0.7557

Take Profit (TP): $0.7361

Stop Loss (SL): $0.7565

Market Outlook:

Sellers are defending the resistance area well, and the price continues to form lower highs. Momentum remains bearish unless a breakout above $0.7565 occurs. Ideal conditions for speculative traders and short-term traders.

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