$ADA - SHORT opportunity (x10)
33. Still not washed out.
TRADE PLAN
Entry zone: 0.212 - 0.2123 (ref 0.21219)
TP1: 0.2062 (+2.82%)
TP2: 0.2015 (+5.04%)
TP3: 0.1964 (+7.44%)
Stop loss: 0.218 (-2.74%)
RSI at 33 on the 1-hour and 34 on the 4-hour reads backwards for a short at first glance, since low usually means tired sellers. It sits above 30, so sellers hold control without a full flush. My concern is the last 30-minute candle at just 45% of normal volume, a quiet move with nobody rushing in.
Does this RSI at 33 look weak to you, or just resting?
⚠️ Personal market insight, not investment advice. DYOR.
33. Still not washed out.
TRADE PLAN
Entry zone: 0.212 - 0.2123 (ref 0.21219)
TP1: 0.2062 (+2.82%)
TP2: 0.2015 (+5.04%)
TP3: 0.1964 (+7.44%)
Stop loss: 0.218 (-2.74%)
RSI at 33 on the 1-hour and 34 on the 4-hour reads backwards for a short at first glance, since low usually means tired sellers. It sits above 30, so sellers hold control without a full flush. My concern is the last 30-minute candle at just 45% of normal volume, a quiet move with nobody rushing in.
Does this RSI at 33 look weak to you, or just resting?
⚠️ Personal market insight, not investment advice. DYOR.