Trade Idea: ADA SHORT

Opened 2025-10-10 22:45:57 · Valid until 2025-10-11 22:45:57 · Closed 2025-10-10 22:50:03

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 PENDING RR 2.40 Conf 75% Scalp hours

Entry 0.57800000

Stop 0.58500000

TP 0.57000000 / 0.56500000 / 0.56000000

Live 0.63984000

ROI -10.70% (vs entry)

Thesis and checks

Given the significant 24h change of -29.0635%, Cardano (ADA) is showing strong bearish momentum. The following analysis supports a short position:

5m Chart: A recent breakdown below a key support level indicates increased selling pressure.
15m Chart: The RSI is in the overbought territory, suggesting a potential reversal.

Trade ideas are educational. Manage risk and position size.