Yello, Paradisers! Are we about to see a strong rejection on ADAUSDT? Let’s break it down.
💎ADAUSDT has filled the Fair Value Gap (FVG) and formed a double top with bearish divergence. Notably, the right top is slightly above the left, signaling a liquidity grab. Following this, we’ve seen a Change of Character (CHoCH) to the bearish side, increasing the probability of a downside move.
💎If ADAUSDT retraces from this level, it will strengthen a high-probability bearish setup from the 1-hour FVG, where the 0.5 Fibonacci level aligns—offering an attractive risk-to-reward (RR) opportunity for shorts.
💎However, if price breaks and closes above the 0.786 Fibonacci level, our bearish outlook will be invalidated. In that case, it would be best to step back and wait for stronger confirmation before taking action.
🎖 Patience and discipline win the game, Paradisers! Don’t chase—wait for the best setups and protect your capital like a pro.
MyCryptoParadise
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