๐ข $ADA / $USDT | ๐ด SHORT | โญ 71.3%
๐ฏ Goal: $0.18335. Is it still falling?
๐ฏ Trading Levels:
๐ข Entry: $0.1871
๐ Stop Loss: $0.18935
๐ TP1: $0.18335
๐ TP2: $0.1826
๐ TP3: $0.1811
๐ Analysis:
The market structure in $ADA / $USDT shows a confirmed bearish bias on lower timeframes, with an ADX of 45.8 (indicating a trend with considerable strength) and a bearish MACD cross (price momentum indicator). Multi-timeframe alignment is weak, but technical confluence leans toward the sell side, supported by an EMA20 below the EMA50 (moving averages that confirm the bearish bias) and a clear triple-top breakout.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1h
๐ Technical Confidence: 4/5
The invalidation level is set at the Stop Loss above the EMA50 to protect against a structural reversal. The bearish thesis remains valid while the price does not manage to recover the EMA20 level, while monitoring volume absorption at the $0.1859 support.
Do you think the current selling volume is enough to break the $0.1859 support?
๐ก This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #ADA #trading #Futures #MarketAnalysis
๐ฏ Goal: $0.18335. Is it still falling?
๐ฏ Trading Levels:
๐ข Entry: $0.1871
๐ Stop Loss: $0.18935
๐ TP1: $0.18335
๐ TP2: $0.1826
๐ TP3: $0.1811
๐ Analysis:
The market structure in $ADA / $USDT shows a confirmed bearish bias on lower timeframes, with an ADX of 45.8 (indicating a trend with considerable strength) and a bearish MACD cross (price momentum indicator). Multi-timeframe alignment is weak, but technical confluence leans toward the sell side, supported by an EMA20 below the EMA50 (moving averages that confirm the bearish bias) and a clear triple-top breakout.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1h
๐ Technical Confidence: 4/5
The invalidation level is set at the Stop Loss above the EMA50 to protect against a structural reversal. The bearish thesis remains valid while the price does not manage to recover the EMA20 level, while monitoring volume absorption at the $0.1859 support.
Do you think the current selling volume is enough to break the $0.1859 support?
๐ก This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
#crypto #ADA #trading #Futures #MarketAnalysis