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$ADA Current price: 0.2467 USDT. Do you think this is still being artificially inflated, or is a pullback already in the cards?
My personal view leans toward: a pullback first, then look for direction.
Reasons: $ADA
- This rally seems more like an emotional surge, and the follow-through hasn't caught up yet.
- The order book shows some signs of stagnation, chasing hard here isn't worth it.
- BTC isn't strong; only altcoins have room for a waterfall decline. If BTC shows a strong trend on the 15m/1H charts, then give up on shorting directly.
Suggested entry price: 0.2487 USDT
Estimated target price: 0.2339 USDT
Stop-loss reference: 0.2546 USDT
But the biggest risk at this level is being pushed through the resistance level with high volume.