$ADA

BEARISH BREAKDOWN IN PROGRESS — DON’T CHASE THE FALLING KNIFE!

After a sharp breakdown from the $0.68 zone, $ADA/USDT is struggling to recover above the $0.6400 resistance. Price attempted a bounce from the $0.6174 low but is currently showing signs of weakness below key short-term resistance, hinting at further downside pressure if it fails to reclaim higher ground quickly.

Trade Setup: (Short Entry)

Entry: $0.6360 – $0.6380

Stop Loss: $0.6460

Take Profit Targets: $0.6240 / $0.6170 / $0.6100

Margin: 2-3% of wallet

Leverage: 10x

Market Outlook:

With volatility increasing and buyers showing hesitation, remains under bearish sentiment unless it reclaims $0.6500 with strong momentum. Until then, selling the rallies could remain the preferred strategy.

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buy and trade here on $ADA