Why this Setup: I’m looking to fade this bounce because ADA is still trading inside a broader bearish structure and the pop into the 0.27 area is getting capped by overhead supply/MA pressure. Current price is around 0.2669, and the recent push higher didn’t show strong continuation, it looks more like a corrective bounce after the sharp drop. If price fails to reclaim and hold above 0.27–0.272, I expect a rotation back to the recent support area near 0.2600 first, then a retest of the prior swing low region around 0.2572. If that floor breaks, I’m targeting a deeper liquidity sweep toward 0.2450. #Write2Earn #ADA #Futures
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$ADA /USDT (1H) - Supply Rejection Fade
Bias: Short
Entry (Zone): 0.2670 – 0.2725
Targets:
TP1: 0.2600
TP2: 0.2572
TP3: 0.2450
Stop Loss: 0.2840
Why this Setup:
I’m looking to fade this bounce because ADA is still trading inside a broader bearish structure and the pop into the 0.27 area is getting capped by overhead supply/MA pressure. Current price is around 0.2669, and the recent push higher didn’t show strong continuation, it looks more like a corrective bounce after the sharp drop. If price fails to reclaim and hold above 0.27–0.272, I expect a rotation back to the recent support area near 0.2600 first, then a retest of the prior swing low region around 0.2572. If that floor breaks, I’m targeting a deeper liquidity sweep toward 0.2450.
#Write2Earn #ADA #Futures