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ADA bulls’ last line of defense—or the start of another waterfall?
$ADA /USDT - SHORT (go short)
Trading plan:
Entry: 0.1620 – 0.1628
SL: 0.1659
TP1: 0.1598
TP2: 0.1580
TP3: 0.1554
Why focus on this structure?
- 4-hour SHORT signal, confidence 95%, daily trend clearly bearish
- Current price 0.1624, EMA under pressure, RSI (15m) is only 45.36, rebound momentum is weak
- Why now? The main direction is set; a short-term rebound is bait for longs. Entry range 0.1620-0.1628, TP1=0.1598
- If it breaks below 0.1620, acceleration down to TP2=0.1580, with SL 0.1659 for protection
Discussion:
Will this leg reach TP2 first, or will it spike down first to sweep the stop loss before the sharp drop?