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Trade Idea: ADA SHORT

Opened 2025-10-11 00:45:55 · Valid until 2025-10-12 00:45:55 · Closed 2025-10-11 00:55:03
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 2.00 Conf 75% Scalp hours
Entry 0.63900000
Stop 0.64500000
TP 0.63000000 / 0.62500000 / 0.62000000
Live 0.64006700
ROI -0.17% (vs entry)

Thesis and checks

The current market conditions for Cardano (ADA) show a significant downward trend, making a short scalp trade a viable option.

  • The 5m chart indicates a bearish engulfing pattern, suggesting strong selling pressure.
  • The 15m RSI is above 70, indicating overbought conditions, which often precedes a price correction.

Trade ideas are educational. Manage risk and position size.