$ADA CRITICAL ALERT: OVERSOLD & READY TO REVERSE? 📉➡️🚀
Cardano is testing a massive liquidity zone. The charts are flashing a potential "Bullish Divergence" as sellers run out of steam!
Current Price: $0.3964 (-3.15%) 24H Range: • High: $0.4116 • Low: $0.3935 • Pattern: Descending Channel / Potential Double Bottom 📉
🔍 Technical Analysis — The Divergence Setup:
Price Action: ADA has been grinding down, creating Lower Lows.
The Signal: Notice the long wicks at the bottom of the recent 15m candles near $0.3940. This indicates that while bears are pushing price down, bulls are instantly buying it back up.
Volume Check: Selling volume is decreasing on the way down. This is a classic sign of exhaustion. A reversal is highly probable from this zone.
💎 Trade Setup (High Risk / High Reward):
We are catching the knife at the bottom support.
🟢 Buy Zone: $0.3940 – $0.3965 (Accumulate slowly near the 24h Low)
🚀 Take Profit Targets: • TP1: $0.4020 (Immediate Resistance) • TP2: $0.4085 (Mid-Range Reclaim) • TP3: $0.4120 (Breakout Target)
🛑 Stop-Loss: $0.3915 (Strict SL below the recent swing low)
🧠 Trader's Note: ADA is currently lagging behind the market, which often makes it a "Sleeping Giant." The risk-to-reward ratio here is 1:3. If the $0.3935 support holds, we could see a violent pump to catch up with other alts.
Patience pays. Wait for the green candle closure on the 15m chart before going all in$ADA
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