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Are ADA bulls still propping things up? The 4-hour short signals are fully maxed out.
$ADA /USDT - SHORT to sell
Trading plan:
Entry: 0.1651 – 0.1661
SL: 0.1701
TP1: 0.1622
TP2: 0.1600
TP3: 0.1566
Why focus on this setup?
- 15-minute RSI 67.31, near overbought, with strong pressure for a short-term pullback.
- The 1-day trend is clearly bearish, with bearish EMA alignment suppressing price.
- Around 0.1656 now, with TP1 at 0.1622 below—potential directly targets 2% downside.
- Why now? RSI high + trend confluence, best entry window.
Discussion:
Will this short hit TP1 first, or will it wick straight down to 0.1600?