ENA is sitting right on its strongest volume node.
After the vertical expansion from 0.08 to 0.183, price has pulled back and is now reacting hard at the 0.150–0.152 zone — the Point of Control and highest volume area of the entire move.
Key observations:
• POC sits at 0.1500
• Heavy volume cluster between 0.1495–0.1520
• Secondary volume support visible around 0.142
• Next major daily dynamic support is the EMA7 near 0.135
Price has already bounced from 0.14915. This is a classic high-volume reaction zone.
Two clean scenarios from here:
1. Hold above 0.150 → technical bounce toward 0.1535–0.156
2. Clean breakdown below 0.1495 → opens the path toward 0.142 and potentially the daily EMA7
I’m currently managing a short with invalidation above 0.1556.
What do you think — does 0.150 hold, or do we go lower?
#ENA #Ethena #CryptoTrading #VolumeProfile
Not financial advice. Always manage your risk.
After the vertical expansion from 0.08 to 0.183, price has pulled back and is now reacting hard at the 0.150–0.152 zone — the Point of Control and highest volume area of the entire move.
Key observations:
• POC sits at 0.1500
• Heavy volume cluster between 0.1495–0.1520
• Secondary volume support visible around 0.142
• Next major daily dynamic support is the EMA7 near 0.135
Price has already bounced from 0.14915. This is a classic high-volume reaction zone.
Two clean scenarios from here:
1. Hold above 0.150 → technical bounce toward 0.1535–0.156
2. Clean breakdown below 0.1495 → opens the path toward 0.142 and potentially the daily EMA7
I’m currently managing a short with invalidation above 0.1556.
What do you think — does 0.150 hold, or do we go lower?
#ENA #Ethena #CryptoTrading #VolumeProfile
Not financial advice. Always manage your risk.