Looking at the recent movement of ADA, after a surge from 0.4052, it quickly pulled back and has now fallen to 0.3903, breaking through the MA5, MA10, and MA20 support lines. On the technical side, the RSI(6) is around 39, indicating a relatively weak zone. The MACD histogram continues to expand in the green, while the DIF and DEA lines are close together with little momentum, suggesting that the bulls have lost their willingness to continue.
From the 1-hour chart, signs of main force distribution are quite obvious, and the pace of selling pressure is accelerating. Currently, opening a short position at the current price is more reasonable, with a stop-loss set just above the previous high at 0.4052 for safety. The first target below is 0.3872 (the 24-hour low), and the second is even lower at 0.3845, a previous support level.
If you are a trend trader, holding this short position firmly is worthwhile, and key support levels should not be missed. For short-term traders, it is recommended to take partial profits at support levels and avoid greed. Lastly, be aware that the main force may continue to push down through a breakdown pattern, so watch out for the risk of key supports being rapidly broken.
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ChainMaskedRider
· 12m ago
Oh my, ADA has directly broken through the MA20 this time. Short positions are indeed necessary, but I'm worried that the main force might accelerate and break through the support again.
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BearMarketBuilder
· 01-09 20:53
It's the same old routine with MA5, MA10, MA20. Every time, they say a breakdown means it's time to short. And what happened? I played it this way last year, and my account still hasn't recovered. ADA, this coin, honestly, no one dares to chase when it rises, and as soon as it drops, it's all short-seller analysts...
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AirdropHustler
· 01-09 20:50
Oh my, this ADA really can't hold anymore, with MA all broken, do you still dare to take it? I wouldn't dare.
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AirdropHunter9000
· 01-09 20:45
It's the same old trick again, the big players dump the price and we buy in, when the MA breaks, they run. I really don't understand why some people still believe in this kind of analysis.
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LiquidatedDreams
· 01-09 20:44
Another breached defense line, the bulls really need to wake up. This time, no more bottom fishing.
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BlockchainBard
· 01-09 20:40
It's the same old trick again. Every time they say the main players are offloading and the bulls have no momentum, but then it rebounds right after. Truly exhausting.
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StableCoinKaren
· 01-09 20:26
You're telling us again that it's a short position, huh? Every time you say that, the big players always hit me in the opposite direction. I'm really convinced.
Looking at the recent movement of ADA, after a surge from 0.4052, it quickly pulled back and has now fallen to 0.3903, breaking through the MA5, MA10, and MA20 support lines. On the technical side, the RSI(6) is around 39, indicating a relatively weak zone. The MACD histogram continues to expand in the green, while the DIF and DEA lines are close together with little momentum, suggesting that the bulls have lost their willingness to continue.
From the 1-hour chart, signs of main force distribution are quite obvious, and the pace of selling pressure is accelerating. Currently, opening a short position at the current price is more reasonable, with a stop-loss set just above the previous high at 0.4052 for safety. The first target below is 0.3872 (the 24-hour low), and the second is even lower at 0.3845, a previous support level.
If you are a trend trader, holding this short position firmly is worthwhile, and key support levels should not be missed. For short-term traders, it is recommended to take partial profits at support levels and avoid greed. Lastly, be aware that the main force may continue to push down through a breakdown pattern, so watch out for the risk of key supports being rapidly broken.