$ADA Short Liquidation at $0.968 – A Power Play Unfolds!
Cardano ($ADA) is making waves as a substantial $4.7887K short liquidation hits the books at the pivotal level of $0.968.
This signals intensified market activity and potential for a decisive breakout.
Key Details:
Liquidation Amount: $4.7887K
Liquidation Price: $0.968
Market Sentiment: Bulls have gained control, putting pressure on short positions.
Next Move:
1. Critical Levels to Watch:
Immediate Resistance: $0.98
Key Support: $0.95
2. Trading Strategy:
Bullish Play: Enter long positions if $ADA breaks above $0.98 with strong volume.
Bearish Hedge: Watch for potential rejections near $0.98 to plan short-term scalps.
3. Stop Loss:
For long positions, set a stop loss at $0.95 to limit downside risk.
For short trades, protect against upside risk above $0.985.
The battle for $ADA next direction is heating up.
Traders should remain vigilant, as the next price move could define the market's tone. Stay sharp!
