#ADA/USDT – Short Setup from Key Supply Zone

Mar 1

#ADA

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone (in green) at 0.2920, which the price has bounced off several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.2800
Target 1: 0.2740
Target 2: 0.2670
Target 3: 0.2587

Stop Loss: At the resistance zone (in green).

Remember this simple rule: Manage your money wisely.

For any questions, please leave a comment.

Thank you.

Mar 3

Trade active

#ADA

Target 1: 0.2740
Target 2: 0.2670

Mar 4

Trade closed: target reached

#ADA

Target 1: 0.2740 Reached
Target 2: 0.2670 Reached
Target 3: 0.2587 Reached