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ADA's last escape opportunity for bulls?
$ADA /USDT - SHORT
Trading Plan:
Entry: 0.1679 – 0.1687
SL: 0.1723
TP1: 0.1653
TP2: 0.1633
TP3: 0.1603
Why pay attention to this structure?
- 4H level bearish confirmed, 1D trend bearish, RSI 15-min 64.09 near overbought zone.
- Current 0.1683 is a SHORT entry reference, TP1 at 0.1653, TP2 at 0.1633.
- ATR only 0.00166, narrowing volatility may accelerate the decline.
Discussion:
Do you think ADA will go directly to TP3 at 0.1603 this time, or will it first fake a rally and then cascade?