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#ADA
$ADA /USDT Short Trade Setup ๐ฅ
๐ฐ Current Price: $0.663
๐ Momentum Weakening After Rejection at Local Highs
๐ Key Levels:
Resistance: $0.6700 / $0.6770
Support: $0.6500 / $0.6400
๐ฏ Targets:
TP1: $0.6500
TP2: $0.6400
TP3: $0.6250
๐ Stop Loss: $0.6750
๐ Market Insight:
Price showing lower highs, indicating a potential downtrend formation.
Failed breakout at $0.6770, leading to increased selling pressure.
If $0.6500 support breaks, expect further downside to $0.6400-$0.6250.
๐ฅ Pro Tip:
Look for short entries near $0.6650-$0.6700, with confirmation of rejection.
Monitor BTC and market sentiment โ a broader sell-off could accelerate ADAโs drop.
Trail stop loss once TP1 is hit to lock in profits.
๐ข Trade cautiously & manage risk! ๐
#BTC
#GT
#GateLive