ADAUSD H4: THE BEST Level to SHORT target 30C (SL/TP)(NEW)

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ADAUSD H4: THE BEST Level to SHORT target 30C (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: ADAUSD H4 chart review
::: compression in progress
::: limited upside going forward
::: sequence of shallow bounces
::: 1st bounce 50%, 2nd 35%
::: final bounce 20% MAX / WEAK
::: expecting more losses / limited upside
::: limited upside going forward
::: BEARISH CHART limited upside
::: BEARS should focus on SHORTING RIPS / MARKET SELL
::: TP BEARS based on measured move 30 cents
::: expecting fresh selling mid October
::: not a bullish setup / BULLS should stay out
::: heavy x3 rejection from overhead
::: weak structure / BEARS taking over
::: however market structure is WEAK
::: so expect RIPS/RALLIES to get sold
::: to complete the sequence
::: near 30 cents / 35% correction
::: recommended strategy: SHORT RIPS/RALLIES
::: BEARS TP1 35C TP2 30C
::: BEARS SHORT/HOLD at market
::: expecting short-term DUMP
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP/30C
::: Sentiment short-term: MIXED/RANGE

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