Everyone’s bullish on Cardano—but ADA just flashed a pattern that crushed traders last time.



$ADA /USDT - SHORT

Trade Plan:
Entry: 0.1896 – 0.1910
SL: 0.1967
TP1: 0.1855
TP2: 0.1823
TP3: 0.1775

Why this setup?
4h timeframe shows a SHORT bias with 55% confidence. RSI on 15m sits at 56.86—neutral, not oversold. Price is range-bound on the daily, and ATR on 1h is tight at 0.002657. Why now? Entry at 0.1903 with TP1 at 0.1855 means a 2.5% drop is the first target before the broader range resolves. The alt scenario flips bullish only above 0.1903—until then, shorts have the edge.

Debate:
Do you trust the range to hold support, or is this the trap before a breakdown to TP2?
ADA-0.52%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned