🚨 $ADA Long Liquidation Alert! 🚨

Huge liquidation hit $ADA! A massive $20.535K long position got liquidated at $0.8704. The market is feeling the heat, and this could lead to some serious price movement in the coming hours! Let’s dive into the details and see what’s next.

What’s Happening?

The liquidation at $0.8704 signals a strong sell-off. A lot of traders were hoping for $ADA to rise, but the market just took them by surprise.

This could trigger more volatility as traders react to the sudden change. We might see some quick moves in either direction.

What’s Next for $ADA?

Current Price: Pay close attention to $0.85. If $ADA holds above this support, there’s a chance for a bounce. However, if it drops below $0.85, the next support is $0.80.

Resistance: The key level to watch is $0.90. If breaks above this, we could see it push higher toward $1.00.

🔥Buy Zone: Look for a potential buy around $0.85 - $0.87. If starts showing strength and holds above $0.87, it could be a good entry for a potential move up.

🎯Target: A reasonable short-term target is $0.90. If ADA clears this resistance, aim for $0.95 and potentially $1.00 as the next big milestone.

🚨Stop Loss: Set your stop loss just below $0.80 to limit risk if the market turns against your position.

Conclusion: With ADA experiencing this large liquidation, things could get volatile. Watch the key levels around $0.85, $0.90, and $0.80 carefully. Make sure to manage your risk with proper stop losses and targets, and always trade with caution in such a market!

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