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Is the rebound in ADA a trap set by major players or a genuine breakout?
$ADA /USDT - LONG
Trading Plan:
Entry: 0.1667 – 0.1677
SL: 0.1606
TP1: 0.1721
TP2: 0.1754
TP3: 0.1804
Why this structure?
- 4H LONG signal, 84% high confidence, entry at 0.1672 precisely on 1H support.
- 15M RSI at 52.69, not overheated, ample upside room, TP1 0.1721 within reach.
- Daily chart is bearish, but 4H structure has stabilized, presenting a clear short-term counter-trend long opportunity.
Discussion:
Do you think ADA will hit TP2 at 0.1754 first, or get dumped by bears back to the stop loss at 0.1606?