After such new paradigms and overvalued heights, corrections will follow.
Now notice that I've marked the 0.786 fib level.
This is a common level for forming a new strong support, after an correction have been happened.
For the long term, I think ADA/BTC is a great coin.
However, to start a new cycle (second degree wave count) first needs this correction.
After this, the new cycle can start, confidence and FOMO will rise and will go up.
Just have patience and don't trade it right now.
Here's a little example:
If i had bought 1000 ADA around 5500 sat and now sell it at 4350 ish sat, that would a rounded 20% loss.
However, if ADA corrects more to the downside (i believe it will) you can buy up to around twice as much as you're holding right now.
Don't take this as financial advice. But my indicators and candlesticks tell me ADA needs to go down more and more.
How you play it is up to the trader.
ADA is correlated with BTC/USD. So if BTC would fall to around 5k ADA's correction will happen faster, with even chances of lower lows.