🔻 ADA 4H Setup: Range Breakdown Retest SHORT
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📉 Trend: Bearish. ADA trades at 0.1902 (-1.5% 24H), sitting on its 24H low after slipping out of the 0.1906-0.1956 box it held for three days. Price is below EMA20 0.1942, EMA50 0.1998 and EMA200 0.2205.
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🧱 Resistance: 0.1925-0.1942 (old range floor + EMA20). Support: 0.1875 (Oct 29 low), then 0.1820 (Oct 30 wick) and 0.1781 (Aug 14 low).
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🎯 Plan
Entry zone (SHORT): 0.1925-0.1940
Stop loss: 0.1972
TP1: 0.1875
TP2: 0.1820
TP3: 0.1781
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🧠 Why: the range floor gave way under falling EMAs. A weak retest from below often turns old support into resistance.
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⚠️ Risk: a 4H close back above 0.1972 voids the idea. Wait for the retest, size small, respect the stop.
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Not financial advice. DYOR.
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