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Trade Analysis of $ADA /USDT
Trade Analysis of $ADA /USDT


Action: Short

Entry Point: 0.3375
Support: 0.3360
Resistance: 0.3544
Target: 0.3365
Stop Loss: 0.3385

Analysis:

ADA/USDT has been showing a consolidation pattern below a critical resistance at 0.3544. Recent price movements suggest a downward pressure, making a short position viable as prices fail to break past the current support-turned-resistance level.

Strategy:
Execute a short trade at the entry point of 0.3375, aiming for the target close to current support while setting a stop loss just above the entry to minimize potential losses.
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