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Are ADA bulls still holding on? The 4-hour level has issued a 95% short signal.
$ADA /USDT - Short SHORT
Trading Plan:
Entry: 0.1783 – 0.1793
SL: 0.1838
TP1: 0.1750
TP2: 0.1725
TP3: 0.1687
Why pay attention to this structure?
- The daily trend is clearly bearish, with the 1-hour EMA resistance at 0.1788. Any bounce is a short opportunity.
- The 15-minute RSI is only 48.55, showing weak sideways movement with no reversal momentum.
- Currently entering around 0.1788, TP1=0.1750, risk-reward ratio over 2:1, stop loss only at 0.1838.
Discussion:
Will this wave first test TP1, or accelerate directly to TP2=0.1725?