$ADA Long Liquidation: $5.22K at $1.0441

What Happened?

A long position worth $5.22K on Cardano (ADA) was liquidated at $1.0441.

This signals selling pressure as the price failed to hold above critical levels.

What’s Next?

1. Price Direction:

If ADA drops further, the next support is $1.035.

A bounce above $1.05 could push ADA toward $1.07 resistance.

2. Market Sentiment:

Long liquidation highlights weak bullish momentum.

Bears may dominate if ADA stays below $1.045.

3. Key Indicators to Watch:

RSI: Oversold conditions may suggest a potential rebound.

Volume: High selling pressure could drive prices lower.

4. Trade Strategy:

Short Strategy: Look for entries below $1.04.

Long Strategy: Enter only if ADA reclaims $1.05 with strong buying volume.

Why It Matters:

Long liquidations often trigger a price drop, creating new opportunities for traders to ride the trend.

Stay sharp—ADA’s next move could be critical!

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