$ADA Daily and 4-hour charts align with the downtrend, with the price below all major moving averages. Momentum is accelerating now as the one-hour Relative Strength Index is in an oversold condition at 36.68, indicating strong selling pressure. A short entry is activated when the 15-minute Relative Strength Index rejects below 50, targeting a move towards 0.3573. The structure is weak, and this bounce fails - sellers are in control.
Executable setup now (short)
Entry: market at 0.363466 – 0.365934
TP1: 0.357295
TP2: 0.354826
TP3: 0.349889
0.372106: Stop loss
ADAUSDT
Perp
0.3574
-3.03%