🚨 DON'T RUSH INTO BUYING ENA RIGHT NOW
$ENA has failed to maintain its local high near $0.1720, and a classic distribution pattern is unfolding on the short-term chart. Opening a long position here before a clear support confirmation comes with a very poor risk-to-reward ratio.
The local structural plan is shifting:
$0.1622 → $0.1580 → $0.1500 → $0.1450
Final target:
→ $0.1450 key retest zone
Order book data shows a major cluster of stop-losses sitting just beneath the $0.1600 psychological demand block. Expect a potential flush to tap that liquidity before any real trend reversal begins. Don't chase early momentum and become exit liquidity for the whales.
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#ENA #TaiwanTAIEXRetakes46500OnChipRally
$ENA has failed to maintain its local high near $0.1720, and a classic distribution pattern is unfolding on the short-term chart. Opening a long position here before a clear support confirmation comes with a very poor risk-to-reward ratio.
The local structural plan is shifting:
$0.1622 → $0.1580 → $0.1500 → $0.1450
Final target:
→ $0.1450 key retest zone
Order book data shows a major cluster of stop-losses sitting just beneath the $0.1600 psychological demand block. Expect a potential flush to tap that liquidity before any real trend reversal begins. Don't chase early momentum and become exit liquidity for the whales.
Follow + turn on notifications — I'll keep you updated.
#ENA #TaiwanTAIEXRetakes46500OnChipRally
