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Everyone is waiting for ADA to bounce, but the RSI is screaming something else entirely.
$ADA /USDT - SHORT
Trade Plan:
Entry: 0.1625 – 0.1631
SL: 0.1659
TP1: 0.1605
TP2: 0.1589
TP3: 0.1565
Why this setup?
4H trend is bearish with 95% SHORT confidence. RSI on 15m sits at 48.18—no oversold relief yet. Entry at 0.1628 targets TP1 0.1605 and TP2 0.1589. ATR is tight (0.0013), meaning the squeeze is building for a fast drop.
Debate:
Will ADA respect the 1D downtrend and flush to TP2, or are shorts about to get trapped at the entry?