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Everyone’s still bullish on ADA, but the 4h chart just screamed “sell” with 95% confidence.
$ADA /USDT - SHORT
Trade Plan:
Entry: 0.1656 – 0.1670
SL: 0.1727
TP1: 0.1615
TP2: 0.1583
TP3: 0.1535
Why this setup?
Why now? RSI on 15m is already at 36.74 (weak bounce territory), and the 1D trend is bearish. The 4h EMA structure is breaking down, with entry ref at 0.1663 and TP1 targeting 0.1615—that’s a 3% drop before any real support. ATR of 0.002659 means volatility is tight, so a break below 0.1656 could cascade fast.
Debate:
Are you shorting ADA into 0.1615, or waiting for a fakeout pump first?