During the sell off ADA broke below some major support but didn’t quite dip to the next lever before BTC started heading back up. ADA had a strong recovery. Although we had a sell spike, bulls have won the day. Price is currently testing the down trend line. If it breaks above and stays above on the daily then it shows market conditions are turning around. If not I expect a drop back to my buy in price.
Wait for a bull confirmation on the breakout before adding to my position.