ADA is in a clear downtrend on the 1H chart, printing lower highs and lower lows from 0.2900 down to 0.2280. The current bounce looks like a dead-cat recovery, not a reversal. Key resistance sits at 0.2440 to 0.2500 where sellers have repeatedly stepped in. Positioning short with entry at 0.2440, stop at 0.2510, targeting 0.2300 and 0.2230. Risk/reward 2:1, medium confidence.

This is not financial advice. Content is AI-generated.