$ADA | 🔴 SHORT — Wait for a reaction at the decision zone
ADA is trading around 0.216, below the 4H EMA50 at 0.232, indicating that the trend structure still favors sellers. However, the 1H RSI is at 34, so avoid chasing the downward momentum and wait for confirmation at the Entry zone.
📍 SHORT Plan
* Entry: 0.2156 – 0.2162
* TP1: 0.2137
* TP2: 0.2123
* TP3: 0.2101
* SL: 0.2196
📉 Key levels to watch: If ADA is rejected around 0.216, the next targets are 0.2137, 0.2123, and 0.2101. If the price reclaims 0.220, the SHORT scenario is no longer valid. The risk to the SL is about 1.7%, while the potential gain to TP3 is about 2.7% — equivalent to nearly 1.6R based on the setup data. Prioritize waiting for the price reaction, take 50% profit at TP1, then move the SL to breakeven.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇
ADA is trading around 0.216, below the 4H EMA50 at 0.232, indicating that the trend structure still favors sellers. However, the 1H RSI is at 34, so avoid chasing the downward momentum and wait for confirmation at the Entry zone.
📍 SHORT Plan
* Entry: 0.2156 – 0.2162
* TP1: 0.2137
* TP2: 0.2123
* TP3: 0.2101
* SL: 0.2196
📉 Key levels to watch: If ADA is rejected around 0.216, the next targets are 0.2137, 0.2123, and 0.2101. If the price reclaims 0.220, the SHORT scenario is no longer valid. The risk to the SL is about 1.7%, while the potential gain to TP3 is about 2.7% — equivalent to nearly 1.6R based on the setup data. Prioritize waiting for the price reaction, take 50% profit at TP1, then move the SL to breakeven.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇