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Trade Idea: ADA SHORT

Opened 2025-10-10 22:25:59 · Valid until 2025-10-11 22:25:59 · Closed 2025-10-10 22:36:02 · Triggered 2025-10-10 22:30:05
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 1.75 Conf 75% Scalp hours
Entry 0.59000000
Stop 0.60500000
TP 0.58000000 / 0.57000000 / 0.56000000
Live 0.63999400
ROI -8.47% (vs entry)

Thesis and checks

Current market conditions suggest a short opportunity for Cardano (ADA) given the significant recent decline.

  • The 5m chart shows a bearish engulfing pattern, indicating strong selling pressure.
  • The 15m RSI is in the overbought territory, suggesting a potential reversal.

Trade ideas are educational. Manage risk and position size.