Is this the last celebration of ADA bulls? The 4-hour timeframe has turned red!



$ADA /USDT - Short

Trading plan:
Entry: 0.1654 – 0.1664
SL: 0.1704
TP1: 0.1625
TP2: 0.1603
TP3: 0.1569

Why focus on this structure?
- The 1-day trend is clearly bearish; 4-hour EMA lines are acting as resistance—short on any bounce
- 15-minute RSI 68.83 is near overbought; short-term momentum is fading, suitable for a SHORT entry
- Current price 0.1659, stop loss 0.1704, risk-reward ratio over 3x, with TP1 at 0.1625

Discussion:
Will this SHORT first reach 0.1625, or will it be a wick/needle to lure longs before getting dumped?
ADA1.97%
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