ADA/USDT 1H: Bearish Breakdown – Wait for Reversal Confirmation?
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Current Market Structure:
Key Levels:
Trading Recommendation (Confidence 8/10):
Risk Score:
Recommendation:
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Current Market Structure:
- Price at $0.693 in a bearish trend, with clear lower highs and lower lows.
- Significant breakdown observed below key support levels.
- RSI at 23.49 shows oversold conditions, but no clear bullish divergence has emerged.
Key Levels:
- Resistance: $0.72, $0.74, $0.78
- Support: $0.68, $0.65
Trading Recommendation (Confidence 8/10):
- Wait for Entry: Current momentum is strongly bearish with no reversal signals.
- Smart Money is likely accumulating at lower levels.
Risk Score:
- 8/10 – High risk for longs in the current environment.
Recommendation:
- Wait for either:
- Bullish divergence formation on RSI
- A double bottom pattern near $0.68
- A clear break and retest of $0.72
- Not advisable to catch this falling knife yet, as market makers appear to be pushing for stops below $0.68.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.