Technical analysis by CryptoSheykh about Symbol ADA: Sell recommendation (7/9/2025)

ADA/USDT – Bearish Reaction from Key Channel Resistance | Short OpportunityBias: Short Setup (Counter-Trend)Cardano (ADA) has reached a significant technical juncture following a strong bullish impulse. Price has tapped into a critical resistance zone marked by:The upper boundary of a broadening ascending channelA horizontal liquidity pocket at 0.6195, labeled as “Level 1”An extended impulsive move without consolidation, suggesting potential overextension📌 Key Price LevelsResistance (Short Entry Zone):Level 1: 0.6195 USDTBearish Targets (Take Profits):TP1: 0.6017 – Local support & minor demandTP2: 0.5939 – Mid-range value zoneTP3: 0.5842 – Confluence of wedge support & previous demandThe structure resembles a rising broadening wedge, typically a bearish reversal formation, especially after a sharp leg into resistance.The breakout from the smaller consolidation wedge has now run into major supply, where early short entries may begin to scale in.