Is this ADA longs’ last chance to escape?



$ADA /USDT - Going short SHORT

Trading plan:
Entry: 0.1597 – 0.1605
SL: 0.1640
TP1: 0.1572
TP2: 0.1552
TP3: 0.1523

Why focus on this structure?
- On the 4h timeframe, a 95% confidence SHORT signal is ready; the EMA is arranged bearish, and the daily trend is clearly bearish.
- The RSI on 15m is only 35.92; after a weak rebound, it will most likely continue to dip lower, and the current 0.1601 is an ideal entry point.
- TP1 0.1572, TP2 0.1552, stop loss 0.1640; the risk-reward ratio is over 2:1, and the opportunity window is open.

Discussion:
Will this wave dump first to TP2, or will it fake a breakdown with a rebound before dropping further?
ADA-1.05%
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