$ADA /USDT Trading Signal ā Short Opportunity Amid Bearish Momentum š»
Current Price: $0.9042 (-8.68%)
Signal: Short Position
Entry Range: $0.9020 - $0.9100
Take Profit Levels:
šÆ TP1: $0.8968 (recent low)
šÆ TP2: $0.8850
šÆ TP3: $0.8700
Stop Loss: $0.9200
Technical Observations:
Bearish Momentum: $ADA continues to trade below major moving averages (MA7, MA25, and MA99), signaling strong selling pressure.
Resistance Zone: Immediate resistance lies at $0.9226 (MA25), limiting upside potential.
Support Levels: Initial support exists at $0.8968. Breaching this could lead to further declines toward $0.8700.
Actionable Advice:
Open a short position within the specified entry range if $ADA maintains bearish momentum. Adjust the stop-loss to secure profits as the price approaches each take-profit level.