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Trade Idea: ADA SHORT

Opened 2025-10-16 02:05:48 · Valid until 2025-10-17 02:05:48 · Closed 2025-10-16 06:57:01 · Triggered 2025-10-16 04:51:01
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 0.67000000
Stop 0.67500000
TP 0.66500000 / 0.66000000 / 0.65500000
Live 0.63999400
ROI 4.48% (vs entry)

Thesis and checks

Current analysis suggests a short opportunity for Cardano (ADA) based on recent price action.

  • 5m Chart: A bearish engulfing candle has formed, indicating potential downward momentum.
  • 15m Chart: The RSI is showing overbought conditions, which often precedes a price correction.

Trade ideas are educational. Manage risk and position size.