Recently watching the trend of $ADA, to be honest, something feels a bit off.

On the surface, the 0.423 level seems to be acting as support, but a closer look reveals it might be a trap. The current sideways consolidation is probably not a technical correction but waiting for bagholders to step in.

**Current Market Observation**

A few warning signals:
- Support around 0.423 appears fragile
- Abnormal trading volume distribution between 0.4237 and 0.4699
- Major funds seem to be waiting for retail investor sentiment to ferment

**Possible Trend Projection**

If this development continues logically, it might look like this:
1. Continue to grind at the current price level
2. Induce bullish sentiment buildup
3. Suddenly dip near 0.406 to trigger stop-losses

**Personal Trading Approach**

My current stance at this position:
- Set stop-losses on existing longs
- Temporarily refrain from adding positions above 0.4237
- Wait for the trend to clarify, no rush

Cardano is still promising in the long term, but the short-term trend definitely requires caution. The most expensive lesson in the market is blindly bottom-fishing; sometimes, holding cash and observing is also a strategy.

Everyone should manage their own risks, I’m just sharing my personal views.