$ADA Liquidated Long: $70.5K at $0.893
A $70.5K long position on $ADA was liquidated at $0.893, indicating strong downward pressure and highlighting the market's current volatility.
Market Analysis:
The liquidation signals potential weakness in $ADA , with recent price action suggesting the possibility of further declines.
A critical support level near $0.85 may act as a key point to watch for potential reversal or consolidation.
Buy/Sell/Hold Opinion:
Given the current bearish momentum, it may be prudent to hold positions and wait for confirmation of support at $0.85 before considering a buy.
For those looking to sell, resistance near $0.90 could present a suitable exit point.
Always ensure proper risk management in volatile market conditions.