ADA - Bearish Reversal Setup from Fair Value Gap

Apr 2

🚀 ADAUSDT - 1H Chart Analysis 🚀

📊 Current Market Structure:
ADA is moving within a rising channel 📈, approaching a key resistance zone where a Fair Value Gap (FVG) is present. This area aligns with a significant Fibonacci retracement zone, making it a strong potential reversal point.

📌 Technical Insights:
🔹 Price is trading inside a well-defined bullish channel.
🔹 Approaching a major supply zone with previous reaction points.
🔹 Bearish rejection is expected in this area, leading to a potential drop.

📉 Trade Expectation:
A reaction from the FVG could lead to a downward move, as highlighted by the red arrows. If price confirms a rejection, a bearish shift in structure could occur, offering short opportunities.

⚠️ Risk Management Tip: Always wait for confirmation before acting on a setup. Managing risk effectively is key to long-term success!

📢 What do you think? Will ADA respect the FVG or push higher? Share your thoughts! 💬📉🚀

Apr 3

Order cancelled

did not play out due to Trump his tarrifs!