$ADA Higher Timeframe (4H) – Ranging Market 📉📈
ADAUSDT was trading in a sideways range, as we identified yesterday.
The price was respecting the range support and resistance, bouncing between key levels.
The bearish breakout finally happened, confirming the end of the range and a push downward.
ADAUSDT – 1H Breakdown Analysis & Trade Setup
1H Timeframe Breakdown 📉
The symmetrical triangle pattern on the 1H chart formed after a period of consolidation.
A breakout to the downside occurred, confirming bearish momentum.
Price broke through the support zone around $0.7200, leading to a strong sell-off.
The market is now testing lower levels, following the expected breakdown.
Short-Term Trade Setup
🔻 Entry:
Aggressive Entry: As soon as the price broke below $0.7200 (support level).
Conservative Entry: After price retested the breakdown level around $0.7200-$0.7250, confirming resistance.
🎯 Take Profit (TP) Targets:
TP1: $0.7000 (psychological level) ✅
TP2: $0.6900 (previous support) ✅
TP3: $0.6800 (potential continuation level)
📍 Stop Loss (SL):
Above the breakdown point at $0.7300 (invalidates the trade if price moves back inside the range).
📊 Risk-to-Reward Ratio (RRR):
Entry at $0.7200, SL at $0.7300, TP at $0.6900 → 3:1 RRR
