$0.20 about to give way.
🔴 $ADA - SHORT
Trade Plan:
Current Price: ~0.1944
Entry Zone: 0.1970 – 0.2020
SL: 0.2080
TP1: 0.1850
TP2: 0.1740
TP3: 0.1580
ADA lost the 0.2000 handle after three red daily candles and is trading below the 50 EMA (0.2240) and 200 EMA (0.2434), with the ascending trendline lost at 0.2398. The 0.1970–0.2020 retest is the broken shelf flipped into resistance. Volume profile shows the heaviest node at 0.1950–0.2060, so trapped longs supply every bounce. RSI weak but not oversold — room for another leg lower.
Fading the 0.1970–0.2020 retest or waiting for 0.1850?
Click below for trade 👇
DYOR & manage risk!
$ADA
🔴 $ADA - SHORT
Trade Plan:
Current Price: ~0.1944
Entry Zone: 0.1970 – 0.2020
SL: 0.2080
TP1: 0.1850
TP2: 0.1740
TP3: 0.1580
ADA lost the 0.2000 handle after three red daily candles and is trading below the 50 EMA (0.2240) and 200 EMA (0.2434), with the ascending trendline lost at 0.2398. The 0.1970–0.2020 retest is the broken shelf flipped into resistance. Volume profile shows the heaviest node at 0.1950–0.2060, so trapped longs supply every bounce. RSI weak but not oversold — room for another leg lower.
Fading the 0.1970–0.2020 retest or waiting for 0.1850?
Click below for trade 👇
DYOR & manage risk!
$ADA
