🔎 Setup Insight:
ADA has formed a Triple Top pattern near the 0.869 zone, confirming strong rejection from resistance. After multiple failed attempts to break higher, price finally broke down key support and is now retesting it, giving a clean short opportunity.
✨ Trade Plan:
Entry: 0.82186
Target: 0.79148 (Above 4H support zone)
Stop Loss: 0.84227
✅ Reasons for Short Bias:
Triple Top Formation ➝ Strong bearish reversal signal.
Break & Retest of Support ➝ Previous demand now acting as supply.
Confluence with 200 EMA rejection ➝ Trend remains bearish.
Volume Confirmation ➝ Selling volume stronger than buying.
🎯 Targeting the next major support on the 4H timeframe, with a favorable Risk-Reward setup.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage your risk before entering any trade.
ADA has formed a Triple Top pattern near the 0.869 zone, confirming strong rejection from resistance. After multiple failed attempts to break higher, price finally broke down key support and is now retesting it, giving a clean short opportunity.
✨ Trade Plan:
Entry: 0.82186
Target: 0.79148 (Above 4H support zone)
Stop Loss: 0.84227
✅ Reasons for Short Bias:
Triple Top Formation ➝ Strong bearish reversal signal.
Break & Retest of Support ➝ Previous demand now acting as supply.
Confluence with 200 EMA rejection ➝ Trend remains bearish.
Volume Confirmation ➝ Selling volume stronger than buying.
🎯 Targeting the next major support on the 4H timeframe, with a favorable Risk-Reward setup.
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always manage your risk before entering any trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.