$ADA /USDT Technical Analysis
Current Market Structure:
$ADA /USDT is currently showing a bearish trend with the price trading below the 24-hour high and 24-hour low.
Trade Entry Levels:
Long Entry: A long entry could be considered at the 0.7655 level with a stop-loss at 0.5747.
Short Entry: Consider a short entry around the 0.8484 level with a stop-loss at 0.8621.
Target Levels:
Long Target: Aim for a target of 0.8014.
Short Target: A short target can be set at 0.7617.
Market Outlook:
The current bearish pattern suggests a potential continuation of the downtrend in the short term. However, it's important to monitor the market closely for any signs of reversal.
Leverage:
Use of leverage can amplify both profits and losses. Exercise caution and manage risk appropriately.
