ADA bulls defend 0.1645, but with a 95% probability it’s a bull trap/false breakout to lure longs



$ADA /USDT - SHORT short

Trading plan:
Entry: 0.1641 – 0.1649
SL: 0.1682
TP1: 0.1617
TP2: 0.1598
TP3: 0.1570

Why focus on this structure?
- 4-hour timeframe confirms the bearish trend; 15-minute RSI rebounds to 58.85, but the 1-day trend is still bearish.
- If the key resistance level 0.1669 is not broken, SHORT targets TP1=0.1617 and TP2=0.1598.
- ATR is only 0.001556, volatility is low, and it’s suitable for a tight stop to catch a pullback.

Discussion:
Do you think ADA will first test 0.1598, or will it fake a breakdown and then pull back to 0.1673?
ADA3.72%
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