ADA/USDT - Buying the flash-dump - May 6th, 2021

There was a mini dump right now, I'm trying to buy its dip, with a 3:1 risk/reward ratio trade.

Trade parameters:

Entry: 1.54819
TP: 1.64071
SL: 1.51778
Risk/reward ratio: 3:1

Disclaimer: I am a beginner learning how to trade.