Cardano
Short

ADA/USD Hits Fresh Supply Zone – Watch for a Potential Pullback!

138
ADA has pushed up nearly +4%, breaking past prior resistance and now testing a fresh supply zone around 0.8375. This move aligns with previous rejection areas, and price action is showing signs of slowing down here.

Key Technical Zones:

Supply Zone: 0.8375 – 0.8450 (price reaction area, possible reversal).

Support Zone 1: 0.7729 – Old resistance turned support.

Demand Zone: 0.6951 – Strong previous buy interest.


Trade Outlook:

Short-Term Bearish Bias

Strong supply zone reaction likely unless a breakout is confirmed.

Ideal short entry on bearish candle confirmation.

TP1: 0.7729 | TP2: 0.6951 | SL: Above 0.8460


Alternative Bullish Breakout:

Clean break and retest above 0.8450 opens the door for a continuation move.

Wait for confirmation before buying high.


Volume + Structure = Caution Here!

What’s your plan – short from resistance or wait for breakout?

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