at price 0.2492, $ada is testing the 200ema (dynamic support) post liquidity sweep, now a barrier to halt the bullish momentum seen post-v-shape recovery. williams %r (-27.6) suggests overbought conditions, hinting at a short-term reversal. target 1 is 0.2353, the recent swing low, with invalidation at 0.2585, a key fvg level, where a loss would negate the expected bearish bias.
Breaking the 120.50 resistance flips near-term bias, today's 119.05 entry catches the mother of all liq sweeps as shorts capitulate into a volume-empowered breakout. RSI clearance above 50 nails the trend change, with 125.57 being our first target as this rocket takes off. Tighten the leash with a 114.7 stop, invalidating the play below the 117.50 intra-range low.
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