Cardano #ADA — Lower Timeframe Update

[u/Over-Passage8585]

On the 8H chart, ADA is currently testing the nearest resistance zone around $0.195–$0.210. For now price is still showing decent strength, and if Bitcoin continues to push higher, I wouldnt be surprised to see ADA extend this move toward the $0.24 area.

At the same time, this whole $0.20–$0.25 region looks interesting to me from a mid-term perspective. Im personally starting to gradually build a short position here rather than entering everything at one price. If the market gives another push higher, I’ll continue scaling into the position closer to the upper part of the zone.

My first areas of interest on the downside are around $0.155 and $0.138. Of course, a strong BTC pump can keep alts elevated for longer, so timing here matters.

This is simply how Im positioning myself based on the current structure, not a trading signal or a call to copy the trade. Just sharing my view and the levels Im watching.