ADA bulls’ last line of defense has finally broken, and the bears are regrouping on the 4H timeframe



$ADA /USDT - Sell SHORT

Trading plan:
Entry: 0.1661 – 0.1667
SL: 0.1696
TP1: 0.1640
TP2: 0.1624
TP3: 0.1601

Why focus on this setup?
- The 1D trend is clearly bearish, with a 95% confidence of a 4H bearish signal.
- The 15-minute RSI at 63.86 shows a weak rebound; shorts are favored under EMA pressure.
- Enter at 0.1664, TP1 at 0.1640, TP3 at 0.1601, SL at 0.1696.
- If I’m not shorting now, should I wait for a rebound to 0.1696 to stop out?

Discussion:
For this short, do you see taking profit at TP1 0.1640 first, or piercing straight through to 0.1601?
ADA-0.06%
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