#ADA Update #2 – July 7, 2025

7 Tem

🟠 #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.

7 Tem

İşlem aktif

📉 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.

9 Tem

İşlem kapandı: durdurma seviyesi

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.