ENA / USDT 1H Setup: Liquidity Sweep into 4 Supply & Rejection Path! 📊
Hey Binance Square family! Let’s analyze the latest price action on the ENA / USDT 1-Hour chart. ENA is currently trading around $0.1827, showing a minor +0.94% recovery as it builds momentum toward key overhead institutional levels.
Here is the complete technical breakdown and trade setup for the upcoming sessions:
📉 Technical Analysis Breakdown
Market Context: After finding a local bottom and recovering from recent selling pressure, ENA is pushing upward to sweep resting liquidity near the $0.20 level and test the major 4 Supply Zone ($0.20 – $0.215 range).
Price Action Path: The chart maps out a double-peak push into the supply block to grab liquidity, followed by a sharp rejection and a strong impulsive drop downward toward the macro support range.
🎯 Trade Setup Parameters
Asset / Pair: ENA / USDT (Binance 1H Chart)
Position Type: Short 🔴 (Liquidity sweep & rejection play)
Entry Zone: $0.2000 – $0.2100 (Looking for short entries upon the liquidity sweep into the 4 Supply zone)
Stop-Loss (SL): $0.2180+ (Placed securely above the supply block to invalidate the setup if bulls break through)
📉 Take-Profit (TP) Target
Target: ~$0.1700 or lower (Targeting the impulsive downside sweep following the supply rejection)
🤔 What do you think, Binance Square?
Will ENA sweep the liquidity at the 4 Supply zone before rolling over into a sharp downside drop, or can buyers break through resistance?
Drop your thoughts and targets in the comments below! 👇💬
$ENA
#ENA #Ethena #CryptoTrading #BinanceSquare #TechnicalAnalysis #SmartMoney #Altcoins
Hey Binance Square family! Let’s analyze the latest price action on the ENA / USDT 1-Hour chart. ENA is currently trading around $0.1827, showing a minor +0.94% recovery as it builds momentum toward key overhead institutional levels.
Here is the complete technical breakdown and trade setup for the upcoming sessions:
📉 Technical Analysis Breakdown
Market Context: After finding a local bottom and recovering from recent selling pressure, ENA is pushing upward to sweep resting liquidity near the $0.20 level and test the major 4 Supply Zone ($0.20 – $0.215 range).
Price Action Path: The chart maps out a double-peak push into the supply block to grab liquidity, followed by a sharp rejection and a strong impulsive drop downward toward the macro support range.
🎯 Trade Setup Parameters
Asset / Pair: ENA / USDT (Binance 1H Chart)
Position Type: Short 🔴 (Liquidity sweep & rejection play)
Entry Zone: $0.2000 – $0.2100 (Looking for short entries upon the liquidity sweep into the 4 Supply zone)
Stop-Loss (SL): $0.2180+ (Placed securely above the supply block to invalidate the setup if bulls break through)
📉 Take-Profit (TP) Target
Target: ~$0.1700 or lower (Targeting the impulsive downside sweep following the supply rejection)
🤔 What do you think, Binance Square?
Will ENA sweep the liquidity at the 4 Supply zone before rolling over into a sharp downside drop, or can buyers break through resistance?
Drop your thoughts and targets in the comments below! 👇💬
$ENA
#ENA #Ethena #CryptoTrading #BinanceSquare #TechnicalAnalysis #SmartMoney #Altcoins
