#ADA 📉 ADA's rally has failed, and short positions are starting to sharpen their knives!

After rebounding from the neckline of the head and shoulders pattern, ADA attempts to break through the upper limit of $0.86, but——**didn't break through!** This has put the bulls in a bit of an awkward position, while the shorts are starting to stir.

😈 short positions script: If you can't break the neckline, I'll make you turn back home!

If the price falls below the neckline support next, it indicates that short positions are controlling the market from above.

ADA may first drop to the 50-day moving average (0.69 USD)

If it can't be held, $0.60 is the key defense line!

🦾 Long positions script: If you can't beat them, pull them up!

If the 20-day moving average (0.75 USD) holds, it indicates that buying pressure at lower levels is still present.

Once the rebound is stable, the bulls will launch another attack on 0.86 dollars.

Successful breakthrough? Then head straight for $1.01 and reopen the upside!

📍Key Observations:

Support: $0.75 (20-day moving average) → $0.69 → $0.60

Resistance: $0.86 → $1.01