ADA bulls, be careful: a 4-hour short trap has been set



$ADA /USDT - SHORT sell

Trading plan:
Entry: 0.1619 – 0.1627
SL: 0.1660
TP1: 0.1595
TP2: 0.1577
TP3: 0.1549

Why focus on this structure?
- The daily trend is clearly bearish, and with 95% confidence it points to SHORT.
- The 1-hour EMA resistance level is at 0.1623, and the current rebound is running into resistance.
- RSI on the 15-minute timeframe is only 42.72; rebound momentum is insufficient, and the shorts can strike at any time.
- Why now? Around 0.1623 is precisely the best 4-hour short entry zone; TP1 is at 0.1595, TP2 at 0.1577.

Discussion:
Will this move first reach TP2 at 0.1577, or will it bait longs and push up to 0.1660 to stop out?
ADA-1.32%
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