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Everyone’s calling ADA dead—but the 4h chart just flashed an 84% long signal.
$ADA /USDT - LONG
Trade Plan:
Entry: 0.2062 – 0.2076
SL: 0.1978
TP1: 0.2137
TP2: 0.2183
TP3: 0.2251
Why this setup?
Why now? RSI at 31.47 on the 15m shows oversold pressure, while ATR at 0.0029 suggests a squeeze is imminent. The daily trend is bearish, but the 4h timeframe is flipping—entry at 0.2069 with TP targets up to 0.2251. This is a classic contrarian play off the lows.
Debate:
Is this a dead cat bounce or the real reversal before alt season?