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ADA bulls are struggling at 0.1611— is this just a last flicker before the drop?
$ADA /USDT - go SHORT
Trading plan:
Entry: 0.1607 – 0.1615
SL: 0.1648
TP1: 0.1583
TP2: 0.1564
TP3: 0.1536
Why focus on this structure?
- The 1D trend is clearly bearish, and the 4H SHORT signal has a confidence as high as 95%.
- RSI 15m 65.28 has entered the overbought zone, and short-term rebound momentum is fading.
- Current 0.1611 is exactly the short entry point, with TP1 0.1583, TP2 0.1564, and a clear stop-loss at 0.1648.
- Why now? Because EMA pressure and RSI divergence resonate— a rebound is a good opportunity to short.
Discussion:
Do you think ADA will hit TP2 0.1564 first, or will it squeeze the shorts all the way to 0.1648?