🟩 Clear Position: SHORT (Confidence: 80%)
♻️ Recommended Leverage: 4x
👉 Entry Zone: $0.890–$0.895
🎯 Targets:
• T1: $0.880 (-1%)
• T2: $0.870 (-2%)
• T3: $0.860 (-3%)
• T4: $0.850 (-4%)
⛔ Stop Loss: $0.900
IF STOP LOSS TRIGGERS
🔄 Reversal Strategy:
• New Entry Zone: $0.905–$0.910
• New Targets:
• T1: $0.915 (+1%)
• T2: $0.920 (+1.5%)
• T3: $0.930 (+2.5%)
• T4: $0.940 (+3.5%)
• New Stop Loss: $0.895
Key Technical Points:
1. RSI Levels: RSI is currently around 60, indicating room for bearish pressure after a rejection at overbought levels.
2. MACD Signal: Bearish divergence observed, with the MACD line crossing below the signal line on the 30-minute timeframe.
3. Volume Profile: Volume at higher levels has shown selling dominance, particularly near $0.890.
4. Resistance Zone: ADA faced strong resistance near $0.895, aligning with the 50 EMA on the 30-minute chart.
Market Context:
ADA has shown a short-term bearish trend with consistent rejections at the resistance zone near $0.895. Weakness in the broader altcoin market supports the potential for further downside. If ADA breaks below $0.880, expect a sharp move towards $0.850.