๐ $ADA โ Distribution Continues | Sell-the-Rally Bias
$ADA remains in a controlled distribution phase after failing to sustain acceptance above the 0.41โ0.43 supply zone. Market structure continues to favor selling rallies, not anticipating a reversal.
๐ Trade Plan โ SHORT
Entry Zone: 0.398 โ 0.405
(Underside of broken range + corrective supply)
๐ Stop Loss: 0.437
(Above last structural high & rejection wick โ full invalidation)
๐ฏ Targets:
โข 0.372
โข 0.350
โข 0.325
๐ Technical Context
โข Consistent lower highs & lower lows
โข Bounces show weak follow-through and immediate selling
โข Recent bounce from 0.384 looks like short-covering, not accumulation
โข Acceptance below prior support confirms downside continuation
โ ๏ธ Invalidation
This bearish thesis remains valid unless ADA reclaims and holds above 0.405โ0.410 on a sustained 4H close.
A daily close above 0.437 would invalidate the distribution structure and require reassessment.
Bias: Defensive & risk-focused
Approach: Fade rallies until structure proves otherwise
Trade smart. Manage risk.
