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Is this the last chance for ADA bulls to escape?
$ADA /USDT - SHORT
Trading Plan:
Entry: 0.1691 – 0.1699
SL: 0.1736
TP1: 0.1664
TP2: 0.1644
TP3: 0.1614
Why focus on this structure?
The 4-hour trend is clearly bearish, the 15-minute RSI has reached the overbought zone at 68.24, and the 1-day EMA death cross is suppressing. Now around 0.1695 is the best SHORT entry point, with TP1 at 0.1664, TP2 at 0.1644, and SL at only 0.1736. Why now? Because short-term rebound momentum is exhausted, and bears are about to strike.
Discussion:
Will this SHORT hit TP2 first, or will it hit SL and then cascade?