📉 ADA/USDT: Down 12.57%! Quick Trading Opportunity? 🚀

Currently, $ADA is trading at $0.8472 after a sharp decline. The price is below all major EMAs (8, 20, 50, and 100), indicating a strong bearish trend. But don't worry, this kind of trend is actually a gold mine for scalpers! 🔍

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Scalping Scenario

💡 Bearish Strategy (Short):

1️⃣ Wait for the price to pull back to the EMA(20) at $0.8811 or EMA(50) at $0.8940.

2️⃣ Enter a short position after a candlestick rejection (example: shooting star).

3️⃣ Target take profit at the support level of $0.8450 or lower.

4️⃣ Safe stop loss above EMA(50) ($0.8950).

💡 Bullish Strategy (Reversal):

1️⃣ Monitor the support level of $0.8450.

2️⃣ If there is a bullish candle (example: hammer), enter long with the target EMA(20) at $0.8811.

3️⃣ Stop loss below $0.8400 to minimize risk.

📊 Tips: Pay attention to the MACD indicator which is still showing bearish momentum with a negative histogram. Don't forget to use leverage wisely!

🚀 Question for you: Do you prefer scalping when bearish or waiting for a bullish reversal? Come on, discuss your strategy in the comments column! Don't forget to follow this account for other daily trading tips. 💸