⚡️ Market Context
ADA's early-July recovery was nearly cut in half by a strong selling wave (a). Price has since moved into a ranging phase as the market digests that move.
📈 Chart Explanation
The current range suggests sellers are not yet done, they appear to need better price levels before wave (b) can be considered complete. This points to a corrective bounce rather than a trend reversal.
🎯 Entry Decision
The highlighted zone is the technical level where wave (b) is expected to finish and where sellers would gain more favorable pricing. This is a level to watch, not one to act on prematurely.
💰 Execution Plan
Monitor price behavior at the highlighted zone before assuming sellers are in control. If the zone is completely broken and buyers establish a bullish structure above it, the bearish wave (b) view no longer holds.
📈 Outlook
A rejection at the highlighted zone supports completion of wave (b) and continuation of the corrective structure. A clean break above it instead invalidates this analysis and shifts bias toward the buyers.
