ADA shows rare oversold at 0.1695, is the whale about to pump?
$ADA /USDT - LONG
Trading Plan:
Entry: 0.1690 – 0.1700
SL: 0.1634
TP1: 0.1741
TP2: 0.1771
TP3: 0.1817
Why this setup?
- 15-minute RSI dropped to 29.41, a strong oversold signal, high probability of a short-term bounce.
- 4-hour chart shows a LONG direction with 84% confidence, EMA support at 0.1690-0.1700 zone.
- Why now? 1-hour ATR is only 0.001959, low volatility, often a precursor to a major move.
- Targets TP1 0.1741, TP2 0.1771, stop loss 0.1634, risk-reward ratio is reasonable.
Discussion:
Will this bounce go straight