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Looking at the recent movement of ADA, after a surge from 0.4052, it quickly pulled back and has now fallen to 0.3903, breaking through the MA5, MA10, and MA20 support lines. On the technical side, the RSI(6) is around 39, indicating a relatively weak zone. The MACD histogram continues to expand in the green, while the DIF and DEA lines are close together with little momentum, suggesting that the bulls have lost their willingness to continue.
From the 1-hour chart, signs of main force distribution are quite obvious, and the pace of selling pressure is accelerating. Currently, opening a short position at the current price is more reasonable, with a stop-loss set just above the previous high at 0.4052 for safety. The first target below is 0.3872 (the 24-hour low), and the second is even lower at 0.3845, a previous support level.
If you are a trend trader, holding this short position firmly is worthwhile, and key support levels should not be missed. For short-term traders, it is recommended to take partial profits at support levels and avoid greed. Lastly, be aware that the main force may continue to push down through a breakdown pattern, so watch out for the risk of key supports being rapidly broken.