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Is the ADA bulls still hard-headed? The 4-hour shorts have already laid a net of traps.
$ADA /USDT - SHORT sell
Trading plan:
Entry: 0.1585 – 0.1593
SL: 0.1628
TP1: 0.1560
TP2: 0.1541
TP3: 0.1512
Why focus on this setup?
- The 1D trend is clearly bearish. RSI (15m) is only 37.75, weakness unchanged.
- Current 0.1589 is exactly the EMA suppression level; any rebound is a SHORT opportunity.
- ATR (1h) is just 0.001612; volatility is contracting, an explosion is imminent.
Discussion:
Will this drop straight to TP2 at 0.1541, or will it first pump to lure longs and then dump?