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Everyone is bullish on ADA—here’s why I just flipped 95% short.
$ADA /USDT - SHORT
Trade Plan:
Entry: 0.2138 – 0.2154
SL: 0.2223
TP1: 0.2088
TP2: 0.2050
TP3: 0.1992
Why this setup?
The daily trend is bearish, and the 4h EMA structure confirms a rejection at 0.2146. RSI on the 15m sits at 57—weak momentum, not enough to break resistance. With ATR at 0.00321 on 1h, the next move is likely a drop to TP1 (0.2088) or TP2 (0.2050). The clock is ticking before the trap closes.
Debate:
Are you holding ADA long right now, or waiting for the breakdown to 0.199?