$ADA /USDT – BEARISH PULLBACK CONTINUES

Current Price: $0.7239

24h Change: -3.79%

Timeframe: 4H

TECHNICAL ANALYSIS:

ADA is losing steam after getting rejected from the $0.7683 high. It has now dropped below the intraday trendline and is flirting with key support near $0.7170. The series of lower highs and weakened bounce attempts point to continued downside risk.

Resistance Levels:

$0.7400 – Immediate resistance (recent breakdown point)

$0.7680 – Major resistance (24h high and supply zone)

Support Levels:

$0.7170 – Key support (24h low and pivot level)

$0.7000 – Strong support (round number + past consolidation)

Momentum indicators are rolling over, and selling pressure remains dominant unless ADA can reclaim $0.7400 with conviction.

TRADE SETUP (SHORT ENTRY):

Entry: $0.7270 – $0.7350 (on bounce rejection or breakdown retest)

Targets (TP):

TP1: $0.7170

TP2: $0.7000

Stop Loss (SL): $0.7460

Risk/Reward Ratio: ~2.4:1

RISK MANAGEMENT:

Risk 1-2% of total capital

Keep SL tight and avoid overleveraging

Lock in partial profits at TP1, let the rest trail down

In a weak market, failed rallies create the best shorts.

#ADA #Cardano #BearishSetup #CryptoTrading #SmartMoves #Write2Earn $ADA