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Trade Idea: ADA SHORT

Opened 2025-10-16 21:35:51 · Valid until 2025-10-17 21:35:51 · Closed 2025-10-16 23:24:01 · Triggered 2025-10-16 23:04:01
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 0.64000000
Stop 0.64500000
TP 0.63500000 / 0.63000000 / 0.62500000
Live 0.63960500
ROI 0.06% (vs entry)

Thesis and checks

The current price of ADA shows a bearish trend with a recent drop of 3.49% over the last 24 hours. Analyzing the 5m, 15m, and 1h charts reveals confluence for a short position.

  • The 5m chart indicates a bearish engulfing pattern, suggesting a continuation of the downtrend.
  • The 1h chart shows a resistance level at $0.645, which aligns with the stop-loss placement, providing a favorable risk-reward scenario.

Trade ideas are educational. Manage risk and position size.