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$ADA I’m more bearish on this side. The price has been bleeding downward continuously. I don’t want to catch a falling knife, so I’ll follow this downward trend.
For reference entry: 0.1567-0.1606. The targets are in the 0.1524-0.1474 area. Place stop-loss at 0.1654 above.
But a heads-up: the RSI on the 1h and 15m charts has both reached extreme oversold levels, and an abrupt rebound pullback could happen at any time—don’t short with too much size. $ETH $BTC Sell pressure below is still there too.
Adjust position size based on your own account—don’t go all in.