Lower highs keep stacking on
$ENA , 1H view
$ENA · SHORT · Conf 75%
Trade Plan:
Entry: 0.14470 - 0.14571
SL: 0.15211
TP1: 0.14187
TP2: 0.13905
TP3: 0.13622
TP4: 0.13340
R:R about 0.9 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
ENA/USDT 0.14470, -3.27% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 39.9 with volume x0.64 against the 20-bar average.
- Invalidation is unambiguous: through 0.15211 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 0.14355 · 0.14280 | R 0.15090 · 0.15220 · 0.15390
Debate:
Does ENA lose 0.13905, or do the bids at 0.15211 hold and squeeze the shorts?
Trade ENA: spot https://www.binance.com/en/trade/ENA_USDT | futures https://www.binance.com/en/futures/ENAUSDT
$ENA #ENA #Write2Earn #DayTrading #CryptoTrading
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.