Trade Idea: ADA SHORT

Opened 2025-10-10 21:55:53 · Valid until 2025-10-11 21:55:53 · Closed 2025-10-10 22:25:03 · Triggered 2025-10-10 22:07:01

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 0.61000000

Stop 0.62000000

TP 0.60000000 / 0.59000000 / 0.58000000

Live 0.63975400

ROI -4.88% (vs entry)

Thesis and checks

The market for Cardano (ADA) is currently experiencing a significant downtrend, presenting a potential opportunity for a short scalp trade.

5m Analysis: A bearish engulfing candle has formed, indicating strong selling pressure.
15m Analysis: The Relative Strength Index (RSI) is showing overbought conditions, suggesting a reversal is likely.

Trade ideas are educational. Manage risk and position size.