COIN NAME : $ADA
SIGNAL TYPE : SHORT
This chart 📊 shows the price action of Cardano (ADA) vs USDT on the 4-hour timeframe. The asset is trading within a descending channel 📉, highlighted by two parallel trendlines indicating a long-term downtrend. Recently, ADA made an attempt to break above the upper boundary of the channel but failed to hold the momentum 🚫, leading to a pullback 🔻. The price is now retesting the upper trendline as a possible support 🛑. If it holds, we could see a bounce and another move higher 🔄, but if it breaks down, ADA may revisit lower support levels ⚠️. The RSI 🔍 below indicates oversold conditions (currently around 31), which might suggest a potential reversal soon 📈. Traders should keep an eye on this level for a possible entry or further confirmation. As always, DYOR 🔍—crypto remains volatile and unpredictable 🚀📉.
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ENTRY PRICE: 0.6893 (or market price)
1st tp: 0.6779
2nd tp: 0.6790
3rd tp: 0.6630
Leverage: 20x
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