$ADA is trading around 0.2514 USDT right now. That leaves the daily change near -2.90%.


What matters more to me is whether this spot is actually tradable.
My short-term lean is still bearish.

The first things I would look at here are simple:
First, upside follow-through is not convincing after the latest push
Then, price is trading too close to resistance for comfortable longs
Also, this looks more stretched than strong at the moment

If I trade this, the idea is closer to: failed sweep / rebound trap / support breakdown
Cleaner entry area: 0.2534 USDT
First target I would watch: 0.2383 USDT
Risk line: 0.2594 USDT
Invalidation: 5m reclaims resistance / 15m reclaims the sweep high
Risk/reward: 2.50R

Waiting for the right spot is still part of the trade.
$ADA
ADA2.72%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments