In my previous Cardano analysis, I mentioned pretty bearish scenario, but to be honest I don´t really see any reason, why should I short ADA , infact I am currently LONG ADA /USDT.
The WXY correction is very likely finished and I will follow the best trading advice :" the trend is your friend ".
Price already made 5 wave structure on lower timeframes, so putting stop loss below that low should be OK.
If we get above (X) then ADA will very likely continue up and finishing uptrend cycle somewhere in that purple box. If we see big rejection below the (X) we could easily make new low in this correction, but it´s looking good, still in long.