#Cardano #ADA #PhânTíchKỹThuật #CryptoTrading #BinanceVietnam
Based on the consolidated technical analysis, shorting ADA at the current price level (around 0.8161) is not the optimal choice for the following reasons:
1. The main trend is still upward.
EMA(7) > EMA(25) on both Daily and 4H timeframes → Price is in a clear uptrend.
MACD and histogram are both positive on the Daily timeframe → Upward momentum has not weakened.
2. RSI overbought – but no reversal signal yet.
RSI(1D) = 84.01 and RSI(4H) = 77.43 → Indicates overbought, but this only warns of a possible correction, not necessarily an immediate reversal.
No clear reversal candle yet, no strong negative divergence in RSI.
3. Risks with short orders at this area.
Short early in an uptrend is easily swept if ADA continues to break resistance at 0.8397.
In the breakout scenario (probability 25%), ADA may strongly rise to the 0.8800 area.
4. Conditions to consider shorting.
Short order is only reasonable if:
ADA breaks through the strong support area at 0.7626.
RSI(1D) drops below 70.
MACD (lower timeframe) turns clearly negative.
Currently does not meet these conditions.
Conclusion.
Do not short ADA at the 0.8161 area.
If you want to short, you need to wait for a clear reversal signal or the price to break the support area at 0.7626.
Currently, the priority is to wait for a price correction to long according to the trend.
Short scenario for ADA when breaking support at 0.7626.
Conditions to activate the order:
4H candle close below 0.7626.
RSI (1D) < 70.
MACD (1H) turns negative → confirms the downward momentum returning.
Proposed Short Order Parameters:
Entry: 0.7570 (after confirming the break of support).
Stop Loss (SL): 0.7837 (above the old support area).
Take Profit (TP):
TP1: 0.7200 (nearest support area).
TP2: 0.6850 (extended target if selling pressure is strong).
R:R ratio:
TP1: ~1:2.
TP2: ~1:3.5.
Order management & note:
If the price tests 0.7626 again after breaking, a short can be opened at the pullback with a shorter SL.
Do not enter a trade if BTC is strongly bouncing or the altcoin market is simultaneously recovering.
Prioritize entering a trade when volume decreases during the pullback and the low timeframe RSI does not exceed 50.