$ADA Long Liquidation Alert

Amount Liquidated: $102,000

Price Level: $1.201

Cardano ($ADA ) has faced a significant sell-off, wiping out a $102K long position.

This liquidation indicates increased bearish pressure at the $1.201 resistance.

Traders may need to exercise caution as momentum seems to favor the downside for now.

What’s Next?

$ADA could test support around $1.18 or lower if selling pressure persists.

For bullish recovery, reclaiming $1.201 as support will be critical.

Advice:

• Short-term: Focus on lower timeframes for signs of a potential bounce.

• Long-term: Monitor volume spikes and overall market sentiment before entering fresh trades.

Stay updated for real-time insights and strategy adjustments.

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