📉 ADA — Short Setup Overview
🔹 Trade Plan
Entry Zone: $0.4250 – $0.4450
Stop Loss: $0.4650
Take Profit Targets:
TP1: $0.4050
TP2: $0.3900
🔹 Market Structure
EMA 50 → Strong Dynamic Resistance:
Price recently lost the EMA(50) at $0.4479, and it is now acting as a consistent rejection point.
This reinforces the bearish bias and aligns with your short entry zone.
Key Levels to Watch:
$0.4200 support zone — if this fails, bearish continuation strengthens.
$0.4052 previous low — first major liquidity target.
Below $0.4052, price opens the door toward $0.3900.
🔹 Indicator Readings
RSI(6) ≈ 10 — Extremely Oversold:
Confirms heavy bearish pressure.
Signals risk of a short-term bounce, which makes your higher entry zone ($0.4250–$0.4450) logical.
MACD ≈ –0.0031 — Deep Bear Territory:
Momentum strongly favors the downside.
Supports the continuation toward lower lows if support breaks.
🔹 Outlook
If ADA fails to reclaim $0.4479 (EMA50) and loses $0.4200, the chart favors:
Retest of $0.4052
If broken: Continuation to $0.3900 (your TP2 aligns well)
