Is the ADA bull run left with just one last line of defense?



$ADA /USDT - Short

Trade plan:
Entry: 0.1631 – 0.1639
SL: 0.1673
TP1: 0.1606
TP2: 0.1587
TP3: 0.1559

Why focus on this structure?
- 4-hour timeframe confirms the SHORT direction, 95% high confidence, and the 1D trend is clearly bearish.
- At the current level of 0.1635, price is tightly pressed against EMA resistance; the 15-minute RSI at 49.95 is neutral-to-weak, and rebounds lack strength.
- Why now? The key resistance at 0.1635 hasn’t broken. If it falls below 0.1631 support, it will accelerate toward TP1 at 0.1606.

Discussion:
Will this leg of the bears directly smash down to TP3’s 0.1559, or will there be a rebound to lure longs first before dropping?
ADA3.55%
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