I’m keeping a close eye on $ENA /USDT 🫡 as the chart prepares for its next major move! ‼️
$ENA recently broke above its daily swing high resistance and completed a retest with a strong reaction. However, we still need confirmation—the chart is currently giving mixed signals between a deeper correction or a bullish continuation.
Key Technical Observations:
4-Hour Liquidity: $ENA has already swept the liquidity on the upside, leaving little buy-side liquidity remaining above.
Downside Targets: Significant liquidity clusters and unresolved Fair Value Gaps (FVGs) remain sitting below current price levels. 📉
My Trade Plan:
I’m patiently waiting for a breakdown confirmation before taking a short position. If #ENA cleanly breaks and closes below the Value Area High (VAH) or the key support level at $0.1350, I will look to enter a short trade. Until that happens, I am staying on the sidelines.
What do you think—one more pump to push higher, or is a dump incoming to grab that downside liquidity??
#ENA
$ENA recently broke above its daily swing high resistance and completed a retest with a strong reaction. However, we still need confirmation—the chart is currently giving mixed signals between a deeper correction or a bullish continuation.
Key Technical Observations:
4-Hour Liquidity: $ENA has already swept the liquidity on the upside, leaving little buy-side liquidity remaining above.
Downside Targets: Significant liquidity clusters and unresolved Fair Value Gaps (FVGs) remain sitting below current price levels. 📉
My Trade Plan:
I’m patiently waiting for a breakdown confirmation before taking a short position. If #ENA cleanly breaks and closes below the Value Area High (VAH) or the key support level at $0.1350, I will look to enter a short trade. Until that happens, I am staying on the sidelines.
What do you think—one more pump to push higher, or is a dump incoming to grab that downside liquidity??
#ENA
