• Direction: Short, watching for a break below 0.1715 with sustained downside momentum
• Goal: Approximately 0.1650
• Cancel: Price moving above 0.1780
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Resistance levels: 0.1825, 0.2015
Support levels: 0.1715
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ADA keeps returning to 0.1715, while rebounds struggle to develop into a sustained recovery. Against the broader sequence of lower highs, this repeated pressure strengthens my preference for a downside break. Support is still holding, but buyers have yet to create meaningful distance from it.
The important distinction is follow-through. A break below 0.1715 followed by continued selling would support a move toward approximately 0.1650, where the projected decline ends on the chart. If the push lower is weak and price quickly reclaims support, I would treat that as a potential false breakdown and step back from the short scenario. That alternative could open a recovery toward 0.1825.
Cardano’s on-chain liquidity backdrop also deserves attention. DefiLlama shows stablecoin supply on the network down roughly 1.1% over seven days, alongside falling dollar-denominated TVL across several major protocols. This offers limited evidence of fresh capital supporting a recovery, although declining token prices can also reduce TVL. I see that as supporting context for caution, while the reaction around 0.1715 remains the deciding factor.
❗ This setup is for educational purposes and outlines a potential trading plan. A trade may follow if the conditions develop. This is not financial advice. Trading carries risk, so please protect your capital and manage your own risk!
• Goal: Approximately 0.1650
• Cancel: Price moving above 0.1780
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Resistance levels: 0.1825, 0.2015
Support levels: 0.1715
----------------------------------------
ADA keeps returning to 0.1715, while rebounds struggle to develop into a sustained recovery. Against the broader sequence of lower highs, this repeated pressure strengthens my preference for a downside break. Support is still holding, but buyers have yet to create meaningful distance from it.
The important distinction is follow-through. A break below 0.1715 followed by continued selling would support a move toward approximately 0.1650, where the projected decline ends on the chart. If the push lower is weak and price quickly reclaims support, I would treat that as a potential false breakdown and step back from the short scenario. That alternative could open a recovery toward 0.1825.
Cardano’s on-chain liquidity backdrop also deserves attention. DefiLlama shows stablecoin supply on the network down roughly 1.1% over seven days, alongside falling dollar-denominated TVL across several major protocols. This offers limited evidence of fresh capital supporting a recovery, although declining token prices can also reduce TVL. I see that as supporting context for caution, while the reaction around 0.1715 remains the deciding factor.
❗ This setup is for educational purposes and outlines a potential trading plan. A trade may follow if the conditions develop. This is not financial advice. Trading carries risk, so please protect your capital and manage your own risk!
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.