ADA bulls’ last line of defense, or a bear trap?



$ADA /USDT - short SHORT

Trade plan:
Entry: 0.1662 – 0.1668
SL: 0.1694
TP1: 0.1643
TP2: 0.1629
TP3: 0.1607

Why focus on this structure?
- The 1D trend is clearly bearish, with the EMA bearish alignment on the 4H timeframe suppressing price.
- The 15m RSI is only 54.82; the rebound lacks strength and hasn’t broken above the neutral 60 zone.
- The current quote of 0.1665 is right up against the SHORT entry range, with SL at just 1.7% and an excellent risk-reward ratio.

Discussion:
Will this drop to TP2 at 0.1629 and then reverse, or will it directly break through 0.1607?
ADA-0.48%
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