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Trade Idea: ADA SHORT

Opened 2025-10-17 11:15:45 · Valid until 2025-10-18 11:15:45 · Closed 2025-10-17 13:41:02
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 PENDING RR 2.60 Conf 75% Scalp hours
Entry 0.60874700
Stop 0.61500000
TP 0.60000000 / 0.59500000 / 0.59000000
Live 0.64017400
ROI -5.16% (vs entry)

Thesis and checks

Given the recent bearish trend in ADA, a short scalp opportunity presents itself.

  • The 5m chart shows a bearish flag pattern indicating potential continuation of the downtrend.
  • The 15m RSI is below 30, suggesting oversold conditions, but the price action indicates a potential bounce back to the resistance level at $0.615 before further decline.

Trade ideas are educational. Manage risk and position size.