$ADA /USDT 4H Chart: Intraday Trade Plan
📉 Sentiment (Bearish):
ADA is trading below its short-term and long-term moving averages (20/50/100-EMA cluster and even the 200EMA ~$0.74). Candlesticks have formed lower highs, and recent bounces are met with low volume – a classic bearish setup.
📏 Key Levels:
Resistance ~$0.74–$0.78 (EMA cluster and recent swing highs).
Support ~$0.70 (recent 4H low) and a stronger zone at $0.68–$0.66.
A breakdown below $0.68/$0.66 could open further sell-off.
💡 Trade (Sell Setup):
Look to short into strength.
For example,
sell around $0.74–$0.75 with a stop around $0.76–$0.78,
targeting $0.68 (TP1) and $0.66 (TP2).
This aligns with the bearish bias – ADA needs a 4H close above $0.78 to flip bullish.
🔄 Alternate (Buy Setup):
If ADA aggressively bounces off ~$0.68 support (strong bullish candle + volume), consider a long entry near $0.68–$0.69 with a stop below $0.66. Target the overhead $0.74–$0.78 zone. (Only take this counter-trend trade if the support holds convincingly.)
📊 Actionable Signal:
Watch the 4H candle structure at these zones. A high-volume rejection at $0.74–$0.78 would confirm the short bias, whereas a clear reversal candle at $0.68–$0.69 on rising volume could trigger the bounce trade. Manage risk with the stated stops and targets above.
Caution: I am sure. But Also Do your Analysis Too.
