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$ADA (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 0.2470 - 0.2505
Targets:
TP1: 0.2440
TP2: 0.2405
TP3: 0.2360
Stop Loss: 0.2535
Why this Setup:
I’m seeing price stall beneath a local supply area after repeated failed pushes higher, and the latest bounce looks weaker than the prior legs. I want to fade this lower-high structure if momentum continues to roll over, with downside levels opening up once the 0.2450 area gives way.