Cardano long liquidated at $0.883 — short-term bearish pressure
I had a long on Cardano (ADA) that was liquidated for $189,000 at $0.883.
The forced exit at that price shows short-term selling pressure and likely stop-loss cascades around this level.
I’ll stay cautious and watch volume, order book depth and nearby support before considering any re-entry.
Analysis
The large liquidation suggests a cascade of stops and increased selling pressure around $0.883, which can amplify volatility and push price lower until meaningful support or buying volume appears.
Recommendation
Watch the market — avoid initiating new long positions until clear support and recovery signals appear; if trading, reduce size and use tight risk controls.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.