ADA Price Action Outlook

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After the Failed Auction at the VAH of Range2, PA fell below the POC where it met strong resistance resulting in a loss of the range acceptance. Failure to regain acceptance into Range2 could potentially lead PA back down to Range1 to test support as we have many levels of confluence around the VAH to support a possible bounce(6Levels/Monthly/VAH/POC) Looking for a strong positive reaction around these levels before entering Long again.

Drink more water! Trade responsibly, this is not to be taken as financial advice! Best of luck!