ADA is currently showing signs of exhaustion as it struggles to find meaningful upside momentum. While the 4H trend remains clearly bearish, the 1H timeframe has flattened into a consolidation phase, resulting in choppy price action that lacks conviction. We are seeing signs of compression on the lower timeframes, but the lack of a decisive break suggests we should remain patient rather than forcing a position. Given the current market structure, I am keeping this on the watchlist until we see a clearer shift in volatility.
📌 ADA | WATCHLIST SETUP 👀
Trade Plan:
🎯 Entry: 0.24056 - 0.24143
🛑 SL: 0.24960
✅ TP1: 0.23857
✅ TP2: 0.23584
✅ TP3: 0.23367
Trade at your own risk; crypto markets are highly volatile.
⚠️ Personal view only. Manage risk and position size before entry.