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What are ADA bulls still waiting for? The 4-hour timeframe has turned red
$ADA /USDT - SHORT sell
Trading plan:
Entry: 0.1585 – 0.1593
SL: 0.1623
TP1: 0.1564
TP2: 0.1547
TP3: 0.1522
Why pay attention to this structure?
- The 1-day trend is clearly bearish; RSI on the 15-minute chart is only 44.45, and the rebound lacks strength.
- The current price is 0.1589, right in the 4-hour short entry zone; the stop loss is only 0.1623, and the risk-reward ratio is excellent.
- The first target TP1 is 0.1564, just 1.5% away, with high short-term certainty.
Discussion: