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$ADA mostly bearish right now, but I'm seeing some hints of short-term consolidation that could shake things up. For trading on 1-hour timeframe, I'm cautiously optimistic for a quick rebound—great for scalping—but don't get too excited, the main trend is still down
On the volume side, the recent K-lines are all over the place, with big spikes when prices drop which screams selling pressure to me. But check out the latest candle volume's super low at just 1.3M, so maybe the sellers are getting tired out and we're heading into a sideways phase.
For capital flows, short-term contracts are showing positive net inflows from 5 minutes up to 2 hours, which suggests buyers are dipping in lately. However, the bigger picture from 4 hours to 7 days is negative outflows, keeping that bearish feel alive. Spot flows are mostly red across the board too, backing up the downtrend, though those short-term inflows make me think stabilization might be around the corner.
Entry I'd go long
$ADA : near the MA120 support around 0.3988 to 0.40 USDT, but only if it holds and you see some bullish signs like a green candle with volume picking up. Or hold off for a clean break above Resistance level at 0.41093 for better momentum.
For stop-loss, I'd set it about 3% below your entry—say 0.387 USDT if you jump in at 0.399—factoring on Support level at 0.38957.
Targets
$ADA : Shoot for Resistance at 0.41093 or push to next resistance zone at 0.42017
anyone seeing the same setup?
#ada #ADAUSDT #Cardano