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Is the ADA long position being precisely hunted?
$ADA /USDT - Going short SHORT
Trading plan:
Entry: 0.1627 – 0.1635
SL: 0.1674
TP1: 0.1599
TP2: 0.1577
TP3: 0.1545
Why focus on this structure?
- 4-hour timeframe confirms SHORT, 95% high confidence
- Clear bearish trend on the 1D, with obvious EMA suppression
- RSI on 15m is only 34.73, and the bearish momentum hasn’t exhausted
- Entry 0.1631, TP1 0.1599, TP2 0.1577, SL 0.1674
- This is a bearish continuation window, and any rebound is an opportunity to add to shorts
Discussion:
Will this move at 0.1599 be a direct breakdown, or will it first fake a long (trap) before dumping?