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Everyone is bullish on ADA – I’m betting 95% confidence on a ADA breakdown.
$ADA /USDT - SHORT
Trade Plan:
Entry: 0.1646 – 0.1656
SL: 0.1700
TP1: 0.1614
TP2: 0.1590
TP3: 0.1553
Why this setup?
4H timeframe shows bearish trend with RSI at 45.31 on 15m – no momentum for a bounce. Price is hovering at 0.1651, just below a key invalid level of 0.1750. With ATR at 0.002034, volatility is low, meaning a slow bleed toward TP1 at 0.1614 is more likely than a spike.
Debate:
Will ADA hold 0.1646 support or slide to 0.1590 before the weekend?