🎯 Recommended trading strategy:
• ❌ Absolutely do not long at this moment: ADA is below the Ichimoku cloud – the bearish trend is still dominant, entering long is just 'catching a falling knife'.
• ✅ Prioritize Short strategy:
• Entry: When the price breaks the local low around the 0.678 USDT zone.
• Stop-loss: Above the resistance cloud ~0.71.
• Target: Around the strong support zone 0.62–0.64 → potential profit ~9%
• 🚫 Do not enter the trade immediately, need to wait for further confirmation from MACD and breakout volume.
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🔍 Technical analysis explanation:
1. Main trend according to Ichimoku Cloud
• Price is below the cloud, the forward cloud is red → the medium-term trend is still strongly bearish.
• Chikou Span is below the price, confirming the prevailing bearish momentum.
• Tenkan-sen & Kijun-sen are flat → price is slightly sideways, preparing for a break.
2. Stochastic RSI – Profit-taking signal from whales?
• The %K line has crossed below the %D line from the overbought zone (above 80) → Short-term sell signal.
• Currently not in the oversold zone → still room for a strong decline if there is a breakdown.
3. MACD – Short technical rebound signal but not safe yet
• MACD line is below the signal line and still below 0 → bearish trend has not been broken.
• Histogram is narrowing → There may be a slight pullback, but reversal is difficult without strong volume.
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✅ Summary:
ADA/USDT is in a consolidation phase but has the potential for a strong dump if it breaks the support zone at 0.678. This is a good opportunity for sharp short traders, especially if combined with volume and confirmation across multiple timeframes.
