📉 ADA Shorting Opportunity
Recently, ADA has rebounded, but it is still under the pressure of the blue downward trend line. Multiple attempts to break through this trend line have failed, indicating that the bears still hold the dominant position.
It is particularly important to note that a strong pressure zone has formed near the $0.85 mark:
This price level is close to the position of the downward trend line's resistance.
It is also a previous area with multiple highs and a dense transaction zone, where the trapped positions are heavy.
The trading volume has not yet expanded, indicating that the bullish momentum is insufficient to force a breakthrough.
In this situation, if ADA rebounds and meets resistance near $0.85 before falling back, it will be a potential good opportunity for shorting in the short term.
Operational thoughts:
Observe the K-line patterns and trading volume when the price approaches $0.85.
If a long upper shadow or increased volume without price increase occurs, consider gradually positioning short orders.
Stop loss can be set after a valid breakthrough of the blue trend line (about above $0.88).
As long as the trend has not reversed, shorting with the trend remains a more stable strategy.