This is a key level for ADA. It is currently sitting at the the Golden Ratio of the Fib level. If this can hold, I will feel confident in starting the rise again. However, if this level breaks, we could see a 58 cent Cardano which sits at the next 78% Fib level. At this point I will look for short term Long positions while monitoring that downside potential move. If I decide to take a long position, it will be my most aggressive using leverage. I typically go heavier when price is at a key level of support or resistance. This allows me to have safety if my analysis is wrong.