After a confirmed structure break to the downside on the 4H chart, ADA appears to be retracing toward the previous demand zone, now acting as a potential supply/mitigation area.
📌 Idea Overview:
Price is expected to revisit the 0.5921 – 0.6167 range, which aligns with the last broken order block. This retracement would likely serve to collect liquidity above recent highs before a potential continuation to the downside.
📈 Key Technical Insights:
The retracement zone aligns with a former demand area and sits just below a strong resistance at 0.6257.
Confluence: Moving averages, previous imbalance fill, and liquidity resting above prior highs.
Anticipated rejection from this zone could initiate a fresh bearish leg.
📍 Trade Parameters:
Entry Zone: 0.5921 – 0.6167
Stop Loss: Above 0.6257 (4H close confirmation)
Target 1: 0.5511
Target 2: 0.5134
Target 3: 0.5037 (extreme liquidity target)
⚠️ Bias: Bearish
This is a textbook setup combining structure break, order block retest, and liquidity engineering principles. Monitoring price action closely around the retest zone for confirmation.
🧠 "Smart money moves after liquidity – not before."
📌 Idea Overview:
Price is expected to revisit the 0.5921 – 0.6167 range, which aligns with the last broken order block. This retracement would likely serve to collect liquidity above recent highs before a potential continuation to the downside.
📈 Key Technical Insights:
The retracement zone aligns with a former demand area and sits just below a strong resistance at 0.6257.
Confluence: Moving averages, previous imbalance fill, and liquidity resting above prior highs.
Anticipated rejection from this zone could initiate a fresh bearish leg.
📍 Trade Parameters:
Entry Zone: 0.5921 – 0.6167
Stop Loss: Above 0.6257 (4H close confirmation)
Target 1: 0.5511
Target 2: 0.5134
Target 3: 0.5037 (extreme liquidity target)
⚠️ Bias: Bearish
This is a textbook setup combining structure break, order block retest, and liquidity engineering principles. Monitoring price action closely around the retest zone for confirmation.
🧠 "Smart money moves after liquidity – not before."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.