【$ADAUSDT】Don't rush to buy the dip/chase highs, check this first
$ADA This rally is purely an emotional release, regular intraday fluctuation period, price has broken below the EMA50 lifeline, trend turned bearish. RSI dropped to 28.76, buying momentum exhausted. 4-hour MACD death cross diverging downward, bearish momentum continuously expanding. Bollinger Bands opening downward, price pierced lower band, thick pending orders around 0.2540 below, fund support intention completely exposed. But buying power fractured, high-level distribution characteristics obvious.
Direction: No position
Near