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Trade Idea: ADA SHORT

Opened 2025-10-07 15:15:50 · Valid until 2025-10-08 15:15:50 · Closed 2025-10-07 16:40:03 · Triggered 2025-10-07 15:46:02
How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
SHORT CLOSED RR 2.50 Conf 75% Scalp hours
Entry 0.83400000
Stop 0.84000000
TP 0.82800000 / 0.82400000 / 0.82000000
Live 0.63984000
ROI 23.28% (vs entry)

Thesis and checks

Analyzing the current market conditions for Cardano (ADA), a short scalp trade is recommended based on the following signals:

  • 5m Chart: A bearish divergence is observed, indicating potential downward momentum as price fails to make higher highs while RSI shows lower highs.
  • 15m Chart: The price has broken below a key support level at $0.835, suggesting further downside potential.

Trade ideas are educational. Manage risk and position size.