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On the 30-minute chart for ADA/USDT, a descending triangle pattern is clearly taking shape. This pattern typically signals bearish momentum ahead. Adding to this outlook, the Relative Strength Index (RSI) is also indicating bearish signals, reinforcing the potential for a downward trend. Moreover, ADA/USDT has recently breached its support line, further supporting the bearish sentiment.
Considering these technical indicators, ADA/USDT is likely to continue its downward movement.
Entry: 0.4055 or at market price
Signal Type: Long
Take Profit Targets:
1. 0.4000
2. 0.3949
3. 0.3924
Stop Loss: 0.4085
Leverage: 5x - 10x
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