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$ADA stuck in consolidation mode, but leaning bearish overall. For trading on 1-hour timeframe, I'd lean toward shorting if we get a clean breakout lower.
Looking at the latest 1H candles, volume's been all over the place. Take that big red one a—volume spiked to 59M, which screams real selling pressure. But the newer candles? Volume's tapered off big time, hinting that the sellers might be running out of steam near this support area. Classic setup for a possible pause in the drop, though if we smash through support with a volume surge, it's game over for the bulls.
Capital Flows: the flows are painting a pretty grim picture—straight-up bearish across the board. Net outflows everywhere on spot and perps, with 24H perps at -9.59M USDT and a brutal -52M over 7D. Even the fresh 1H perp outflow at -1.27M lines up with the price dip. Big players aren't buying in; they're bailing, which adds serious weight to staying cautious on the downside. For this short-term 1H view, those 1H/2H/4H outflows are the real red flags confirming the weak vibe.
Entries
$ADA :
- Main Play (Short): Watch for a drop below that support level at 0.3857 and the Bollinger lower band around 0.3863. If volume picks up on the break, that's your green light. Better yet, wait for a retest of that level as resistance, say around 0.3860-0.3870 USDT, to jump in.
- Riskier Counter (Long): If you're feeling brave, bet on a rebound from that Support/Bollinger support. Enter near 0.386 USDT, but only if you spot a solid reversal like a hammer or engulfing candle on the 1H with rising volume—and keep that stop super tight.
Stops: For a short at 0.3865, I'd stop out at 0.3980 USDT (right above Resistance). On the long side, tuck it below Support at 0.378 USDT
Targets
$ADA - Short Side: First stop at Support (0.3807 USDT) then push to next support (0.3718 USDT) if it keeps tanking
- Long Side: Eye the mid-Bollinger and MA bunch around 0.394 USDT, or stretch to Resistance at 0.3996.
ayone seeing a bounce incoming?
#ADA #ADAUSDT #Cardano