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Trade Idea: ADA SHORT

Opened 2025-10-07 20:15:53 · Valid until 2025-10-08 20:15:53 · Closed 2025-10-07 22:10:03 · Triggered 2025-10-07 21:10:03
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 2.00 Conf 75% Scalp hours
Entry 0.83000000
Stop 0.83500000
TP 0.82500000 / 0.82000000 / 0.81500000
Live 0.63917500
ROI 22.99% (vs entry)

Thesis and checks

Analyzing the current market conditions for Cardano (ADA), a short position presents a higher probability of success based on recent price action and technical indicators.

  • The 5m chart shows a bearish divergence with RSI, indicating potential downward momentum.
  • The 15m chart has formed a resistance level around $0.835, which aligns with the recent price rejection, providing a solid entry point for a short position.

Trade ideas are educational. Manage risk and position size.