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ADA bulls’ last chance to escape?
$ADA /USDT - SHORT to sell
Trading plan:
Entry: 0.1671 – 0.1677
SL: 0.1702
TP1: 0.1653
TP2: 0.1639
TP3: 0.1619
Why focus on this structure?
- 4H bearish signal with 95% confidence; the daily trend is clearly downward.
- RSI on 15m is only 52.29; the bounce has no strength, and the shorts are building momentum.
- Current price 0.1674 is right under EMA resistance; TP1 below is just 0.1653.
- Why now? After a narrow-range consolidation driven by low ATR, it often comes with a breakout-style selloff.
Discussion:
Will this move’s TP1 at 0.1653 be a direct breakdown, or will it first bounce to lure longs before killing the move?