📉 ADAUSDT Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.4220 - 0.4280
SL: 0.4380
TP1–TP3: 0.4120 / 0.4000 / 0.3750
Technical Analysis:
The current technical outlook for Cardano on the 4-hour timeframe is bearish. The price has recently been rejected from the resistance area formed by the cluster of EMA (25) and EMA (99), around the 0.4350 level. This rejection indicates a failure to reclaim momentum. Confirmation for a continued downward move is provided by the price trading below all key moving averages, a bearish MACD crossover with a negative histogram, and an RSI reading below the 50 mark, signaling strengthening bearish control.
Invalidation:
Only a decisive break and hold above the 0.4450 resistance level would invalidate this short-term bearish thesis.
ADAUSDT
Perp
0.4248
+2.31%
METUSDT
Perp
0.2641
-0.22%
VANAUSDT
Perp
2.81
+2.07%