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$ADA (1h) - Bearish Continuation Short
Bias: Short
Entry (Zone): 0.1618 - 0.1626
Targets:
TP1: 0.1594
TP2: 0.1578
TP3: 0.1556
Stop Loss: 0.1652
Why this Setup:
I’m seeing ADA lose momentum after repeated failed pushes into the 0.1640 area, and I want to fade the lower-high structure as long as price stays below that resistance. I’d look for a rejection from the 0.1618 - 0.1626 zone and expect a move back toward the recent lows if sellers keep control.