Trade Idea: ADA SHORT
Opened 2025-10-16 11:05:57 · Valid until 2025-10-17 11:05:57 · Closed 2025-10-16 14:13:01 · Triggered 2025-10-16 11:29:01
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 0.67800000
Stop 0.68400000
TP
0.67000000 / 0.66500000 / 0.66000000
Live 0.63888700
ROI
5.77%
(vs entry)
Thesis and checks
The current price of ADA shows a bearish trend with a recent decline. Analyzing the 5m, 15m, and 1h charts reveals confluence for a short position.
- Resistance Level: The price is approaching a resistance level at $0.684, which aligns with the recent high on the 15m chart.
- Bearish Divergence: There is a bearish divergence observed on the 1h RSI, indicating weakening momentum and potential for further downside.
Trade ideas are educational. Manage risk and position size.