ADA - Bearish Reversal Setup from Fair Value Gap🚀 ADAUSDT - 1H Chart Analysis 🚀
📊 Current Market Structure:
ADA is moving within a rising channel 📈, approaching a key resistance zone where a Fair Value Gap (FVG) is present. This area aligns with a significant Fibonacci retracement zone, making it a strong potential reversal point.
📌 Technical Insights:
🔹 Price is trading inside a well-defined bullish channel.
🔹 Approaching a major supply zone with previous reaction points.
🔹 Bearish rejection is expected in this area, leading to a potential drop.
📉 Trade Expectation:
A reaction from the FVG could lead to a downward move, as highlighted by the red arrows. If price confirms a rejection, a bearish shift in structure could occur, offering short opportunities.
⚠️ Risk Management Tip: Always wait for confirmation before acting on a setup. Managing risk effectively is key to long-term success!
📢 What do you think? Will ADA respect the FVG or push higher? Share your thoughts! 💬📉🚀