đš $ADA Short Liquidation Alert! đš
đ° Liquidation Value: $5.0258K
đ Price: $1.0337
Cardano (ADA) has just seen a short squeeze at $1.0337! This could spark bullish momentum, as shorts are getting wiped out, leaving room for buyers to take control. Big moves may be aheadâare you ready to ride the wave? Letâs map out the next steps.
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Whatâs Next for ADA?
This short liquidation hints at potential upside momentum, especially if buyers continue to step in. However, keep an eye on key resistance levels that could slow the climb.
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Entry Plan (Buy Zone)
Buy Zone 1: $1.0250 â $1.0350 (buy near support if ADA holds above $1.03).
Buy Zone 2: $1.0100 â $1.0200 (stronger support area for safer entries).
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Target Zones (Take Profit)
Target 1: $1.0500 (psychological level and short-term resistance).
Target 2: $1.0700 (major resistance zoneâwatch for selling pressure here).
Target 3: $1.0950 (potential breakout target if bullish momentum is strong).
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Stop Loss
To manage your risk, place your stop-loss at:
$1.0000 (just below critical support to avoid further downside risk).
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Key Levels to Watch
1. $1.0300: Immediate support; ADA must hold this level for a bullish continuation.
2. $1.0500: First major resistance; breaking above could bring momentum.
3. $1.0000: Key psychological supportâif lost, bears may regain control.
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Pro Tips for Trading ADA:
Look for Confirmation: Wait for ADA to hold above $1.03 with strong buying volume before entering.
Watch BTC and ETH: ADA often follows the trend of major cryptos, so keep an eye on market sentiment.
Take Profits Gradually: Donât wait for the final targetâsecure profits as ADA approaches each resistance.
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đĄ Final Thought: $ADA âs short liquidation could lead to a bullish push, but the market remains unpredictable. Plan your trade carefully, stick to your stop-loss, and donât over-leverage.
Whatâs your moveâbuying in, or waiting for a dip? Letâs discuss your strategy!