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Trade Idea: ADA SHORT

Opened 2025-10-17 03:15:43 · Valid until 2025-10-18 03:15:43 · Closed 2025-10-17 06:25:03 · Triggered 2025-10-17 05:23:02
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 0.64600000
Stop 0.65500000
TP 0.64000000 / 0.63500000 / 0.63000000
Live 0.64015500
ROI 0.90% (vs entry)

Thesis and checks

Based on the current price action of ADA, a short scalp trade is recommended due to bearish signals observed in multiple timeframes.

  • 5m Chart: A bearish engulfing candle has formed, indicating a potential reversal.
  • 15m Chart: The RSI is showing overbought conditions, suggesting a pullback is imminent.

Trade ideas are educational. Manage risk and position size.