$ADX Losing Steam After the Pump.....
$ADX is trading at 0.1435 (-2.51% today) after failing to hold gains from its recent rally. Price action on the 1H chart shows sellers stepping in near 0.1495 resistance, with momentum shifting downward.
Trade Setup (Short)
Entry Zone: 0.1430 – 0.1445
Stop Loss: 0.1465
Targets:
TP1: 0.1410
TP2: 0.1390
TP3: 0.1360
Market Insight
Failure to reclaim the 0.1450–0.1495 zone could keep $ADX under selling pressure. A breakdown below 0.1410 would likely accelerate the move toward deeper support levels.