$ADA

🟥 Currently, buyers are firmly holding at $0.60 for ADA, but there is no strength in the rebound, like a balloon that has run out of air... This trend is really a bit precarious!

📉 Short selling plans are now online:

The 20-day moving average has started to decline, and the RSI is also going lower, which means - the short sellers are getting stronger!

If ADA turns around from the moving average position (around $0.67) and then breaks below the $0.60 support, it could very likely accelerate the decline to $0.50, or even open up larger downward space.

📈 Long buying self-rescue script:

To turn the tables, bulls need to strongly pull the price back above the moving average.

If they successfully stabilize, there might be a surge towards the downward trend line (around $0.72-$0.75).

But don't celebrate too early, there will definitely be short sellers lying in wait near the trend line, and the pressure is immense!