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Trade Idea: ADA SHORT

Opened 2025-10-10 21:35:58 · Valid until 2025-10-11 21:35:58 · Closed 2025-10-10 21:38:02
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 PENDING RR 1.75 Conf 75% Scalp hours
Entry 0.46500000
Stop 0.47500000
TP 0.46000000 / 0.45500000 / 0.45000000
Live 0.63960500
ROI -37.55% (vs entry)

Thesis and checks

Current market conditions indicate a strong bearish trend for ADA, with a significant 24h change of -42.2033%. The following signals support a short position:

  • 5m Chart: A bearish engulfing candle has formed, indicating potential continuation of the downtrend.
  • 15m Chart: The RSI is showing overbought conditions, suggesting a reversal is likely.

Trade ideas are educational. Manage risk and position size.