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ADA bulls are holding the line at 0.184, but the 4-hour RSI suggests this is just a bull trap?
$ADA /USDT - SHORT
Trading Plan:
Entry: 0.183 – 0.185
SL: 0.190
TP1: 0.179
TP2: 0.176
TP3: 0.172
Why pay attention to this structure?
- Daily trend is clearly bearish, with weak rebounds suppressed by the 4H EMA.
- 15m RSI is only 55.39, not overbought, but prone to pullback after short-term spike.
- Why now? 0.184 is a key resistance, tested multiple times without breaking. Bears are accumulating power. If it breaks below 0.183, TP1 at 0.179 is expected.
Discussion:
Will this wave first reach TP2 0.176, or will bulls suddenly squeeze the shorts?