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Trade Idea: ADA SHORT

Opened 2025-10-11 05:00:56 · Valid until 2025-10-12 05:00:56 · Closed 2025-10-11 08:26:01 · Triggered 2025-10-11 05:23:01
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 2.50 Conf 75% Scalp hours
Entry 0.65500000
Stop 0.67000000
TP 0.64000000 / 0.63000000 / 0.62000000
Live 0.63984000
ROI 2.31% (vs entry)

Thesis and checks

Given the significant 24h change of -19.4105%, Cardano (ADA) shows strong bearish momentum. The following analysis supports a short scalp position:

  • 5m Chart: A bearish engulfing pattern has formed, indicating a potential continuation of the downtrend.
  • 15m Chart: The RSI is below 30, suggesting oversold conditions, but a bounce back is likely to be short-lived, providing an opportunity to enter a short position.

Trade ideas are educational. Manage risk and position size.