$ADA Surge: $67.8K Short Liquidation at $1.1901 Ignites Momentum!
A massive $67.8K short position was liquidated at $1.1901, signaling strong bullish action as bears are wiped out.
This sets the stage for further upside if buying pressure continues to build.
Trading Strategy:
1. For Bulls:
If $ADA holds above $1.19, it could target $1.26 and even $1.30.
• Ideal entry zone: $1.18–$1.20, with a stop-loss around $1.15 for risk management.
2. For Bears:
Watch for resistance near $1.25. A rejection here could push $ADA back toward $1.15.
Shorting may be viable on a failed breakout above $1.25, with stops above $1.30.
Key Levels to Monitor:
Support: $1.15, $1.10
Resistance: $1.25, $1.30
ADA is gaining traction—act fast as volatility rises!
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