$ADA /USDT: Daily and 4-hour trends are decidedly negative, with the price below the major moving averages. However, the one-hour chart shows a temporary bounce above the EMA50, providing a high-probability short entry. "Why now" is the momentum: We are waiting for the 15-minute Relative Strength Index to drop below 50 to confirm the failure of the bounce and the resumption of the larger downward trend. This provides an accurate signal to enter the prevailing downward trend. Short entry at 15-minute RSI signal < 50.
Actionable setup now (short)
Entry: market at 0.370037 – 0.372763
TP1: 0.363222
TP2: 0.360496
TP3: 0.355044
SL: 0.379578
BTCUSDT
Perp
87,862
+2.72%
ADAUSDT
Perp
0.3762
+6.51%