$ADA - Short-selling setup under the microscope (x10)
From my perspective: You opened a short position on $ADA just as BTC also began to fall.
This is an active trading setup, and what stands out to me here is that BTC is dragging the entire market in the same direction. The negative funding rate of -0.0047% means short positions are paying long positions, so holding this position costs money while the price remains well below 0.17.
Do you think BTC's decline alongside $ADA reflects the same picture?
Setup:
Entry: 0.173–0.174
First target: 0.169
Second target: 0.164
Third target: 0.161
Stop loss: 0.178
Price movement: Stop loss -2.5% · First target +2.6% · Final target +7.1%
#ADA
From my perspective: You opened a short position on $ADA just as BTC also began to fall.
This is an active trading setup, and what stands out to me here is that BTC is dragging the entire market in the same direction. The negative funding rate of -0.0047% means short positions are paying long positions, so holding this position costs money while the price remains well below 0.17.
Do you think BTC's decline alongside $ADA reflects the same picture?
Setup:
Entry: 0.173–0.174
First target: 0.169
Second target: 0.164
Third target: 0.161
Stop loss: 0.178
Price movement: Stop loss -2.5% · First target +2.6% · Final target +7.1%
#ADA