🔷 ADA 4H Setup: Breakdown-Retest Short
⠀
📊 Trend: ADAUSDT trades at 0.1930 (-1.9% 24H, range 0.1920-0.1970). On Oct 29 it lost the 0.200-0.205 base that held all week and wicked to 0.1820 on Oct 30. Price sits below EMA20 0.1959, EMA50 0.2021 and EMA200 0.2195, so the bias stays bearish.
⠀
🧱 Support: 0.1920 / 0.1875 / 0.1820
🚧 Resistance: 0.2000 / 0.2021 / 0.2060
⠀
🎯 Entry zone: 0.1990-0.2010 (retest of broken base)
🛑 Stop loss: 0.2060
✅ TP1: 0.1920
✅ TP2: 0.1875
✅ TP3: 0.1820 (Oct 30 wick)
⠀
⚠️ Wait for the retest, don't chase. A 4H close above 0.2060 invalidates it. Move SL to entry after TP1.
⠀
Not financial advice. DYOR.
⠀
$ADA $BTC
#ADA #Cardano #TechnicalAnalysis #BinanceSquare
⠀
📊 Trend: ADAUSDT trades at 0.1930 (-1.9% 24H, range 0.1920-0.1970). On Oct 29 it lost the 0.200-0.205 base that held all week and wicked to 0.1820 on Oct 30. Price sits below EMA20 0.1959, EMA50 0.2021 and EMA200 0.2195, so the bias stays bearish.
⠀
🧱 Support: 0.1920 / 0.1875 / 0.1820
🚧 Resistance: 0.2000 / 0.2021 / 0.2060
⠀
🎯 Entry zone: 0.1990-0.2010 (retest of broken base)
🛑 Stop loss: 0.2060
✅ TP1: 0.1920
✅ TP2: 0.1875
✅ TP3: 0.1820 (Oct 30 wick)
⠀
⚠️ Wait for the retest, don't chase. A 4H close above 0.2060 invalidates it. Move SL to entry after TP1.
⠀
Not financial advice. DYOR.
⠀
$ADA $BTC
#ADA #Cardano #TechnicalAnalysis #BinanceSquare
