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ADA bulls are setting up a 4-hour reversal signal
$ADA /USDT - LONG
Trading plan:
Entry: 0.1569 – 0.1575
SL: 0.1529
TP1: 0.1604
TP2: 0.1626
TP3: 0.1659
Why focus on this structure?
• Current price 0.1572 is right at the 1-hour Pivot support level, and the 15-minute RSI is only 41.4, near oversold
• A 84% confidence LONG signal has been activated: TP1 at 0.1604, TP2 at 0.1626, with a reward-to-risk ratio over 2:1
• Why now? Although the daily chart is slightly bearish, the 4-hour timeframe has already shown a low-level accumulation pattern; the stop loss at 0.1529 is clearly controllable
Discussion:
Will this ADA move first to TP2 then retrace, or will it drop and break the 0.1529 stop loss? Drop your view in the comments section