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Is this rebound in ADA really not a trap?
$ADA /USDT - SHORT
Trading plan:
Entry: 0.1568 – 0.1574
SL: 0.1603
TP1: 0.1547
TP2: 0.1530
TP3: 0.1506
Why focus on this structure?
- 4H SHORT signal, 95% confidence, clear bearish trend on the 1D.
- RSI on 15M is only 47.3, rebound momentum is weak, and EMA resistance is evident.
- Around 0.1571, TP1 is at 0.1547, TP2 at 0.1530, and the downside is clear.
Discussion:
Do you think ADA will hit TP2 first, or will it pump up to lure longs before dropping again?