$ADA Liquidated Long: $81.7K at $1.225
Big shake-up in the #ADA market today! A massive $81.7K long position was liquidated as the price dropped to $1.225.
Bears took advantage, pushing the price lower after the failed breakout attempt.
What’s next for #ADA ?
The liquidation indicates some weakness in the current bullish momentum.
Watch closely as we approach key support zones for potential reversal. Key levels to monitor:
• $1.17 support: A strong level that could prevent further declines if held.
• $1.28 resistance: A crucial level for any upward recovery.
A break above this could trigger a fresh rally.
Next move?
Look for possible long opportunities if $1.15 holds.
However, be cautious, as further downside could test $1.10.
Consider waiting for confirmation of strength before entering.
Stay sharp, manage risk, and watch for potential market shifts!