$ADA Long Liquidation: $33.8K at $0.916

🚨 Market Alert:

Liquidation Type: Long

Liquidation Value: $33,800

Liquidation Price: $0.916

💹 Market Insight:

Cardano (ADA) has seen a significant long liquidation at $0.916, signaling potential bearish pressure.

With the long positions cleared, traders should assess the market for possible downside moves or a consolidation before any new bullish reversal.

🔥 What’s Next?

Sell Zone: Consider entering short positions between $0.920 and $0.930, where resistance may hold.

Target 1: Aim for $0.880, where strong support could form and the price may bounce.

Target 2: If the downtrend continues, target $0.850, a critical support zone.

Stop Loss: Set your stop-loss at $0.940 to manage potential risk if the price moves against the trend.

💥 Key Levels to Watch:

Resistance Zone: $0.920 is a key resistance level. If ADA breaks above this level, further upside may follow.

Support Zone: $0.880 is the first strong support level to watch. A break below could signal further downside to $0.850.

🔔 Pro Tips:

1. Volume Confirmation: Monitor selling volume near $0.920 to confirm resistance.

2. Profit Strategy: Take profits at $0.880 and adjust your stop-loss lower as the price approaches $0.850.

3. Market Sentiment: Stay updated on ADA’s project news and general market conditions, as they will influence price action.

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