ADA – Oversold at Support, Bounce Loading?

ADA is currently retesting the lower bound of its falling channel, which has been acting as an oversold zone.

At the same time, price is hovering around a strong weekly support area, adding more weight to this level.

As long as the lower bound of support at 0.22 holds, ADA can enter a correction phase toward:

• The upper bound of the falling channel
• The 0.50 round number

For now, this remains a reaction zone.
Support holds → correction potential.
Support breaks → trend continuation lower.

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr