🟠 #ADA Update #2 – July 7, 2025
ADA has been consolidating within a descending triangle for a while now. Staying below the 200MA reinforces the bearish outlook, as this level acts as strong resistance. We’re seeing clear selling pressure on upward moves, which is confirmed by low volume on green candles.
Given this structure, it's likely ADA will retest the lower boundary of the triangle. Therefore, I see a short opportunity here.
Trade Plan:
🔘 Entry: 0.5857
🔴 Stop Loss: 0.6001
🟢 Target: 0.5530
At this stage, ADA does not present a favorable long setup. Only the short side seems worth considering.
ADA has been consolidating within a descending triangle for a while now. Staying below the 200MA reinforces the bearish outlook, as this level acts as strong resistance. We’re seeing clear selling pressure on upward moves, which is confirmed by low volume on green candles.
Given this structure, it's likely ADA will retest the lower boundary of the triangle. Therefore, I see a short opportunity here.
Trade Plan:
🔘 Entry: 0.5857
🔴 Stop Loss: 0.6001
🟢 Target: 0.5530
At this stage, ADA does not present a favorable long setup. Only the short side seems worth considering.
Trade active
📉 Our ADA short position is progressing well toward the target.Consider taking profit on 1/3 of your position. We’ll continue holding the remaining 2/3 toward the next target.
Stop-loss remains unchanged.
Trade closed: stop reached
We made a profit with 1/3 of the budget. The stops were pulled to the entry level. Therefore, without loss, the trade is terminated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.