#ENA /USDT — LONG 09/09
Structure:
The price exited a falling wedge.
The breakout happened through a squeeze.
Inside the squeeze — a market structure break for LONG.
A double bottom formed.
After the breakout, a correction is expected to the neckline of the squeeze / the double bottom line.
Main entry — on a retest of this zone after confirmation of the price’s reaction.
Plan
Direction: LONG
Multiplier: X2–X3
Core idea: correction → retest → continuation of the upward move.
Entry zone:
0.16343
Fibo levels acceptable correction:
0.50
0.62
0.705
0.79
1.00
Stop-Loss: 0.1556
Maximum TP: 0.18156
Why LONG
Breakout from a falling wedge.
A squeeze before the breakout.
Bullish market structure break.
Double bottom and a break of the neckline.
Expected retest of the broken structure.
Above are marked liquidity pools, which are potential targets for the move.
Key point: do not chase the price after the breakout now. The scenario assumes exactly a correction to the broken structure and an entry on the retest.
If the retest does not occur or the structure during the correction is broken downward — the original LONG scenario becomes invalid.$ENA
Structure:
The price exited a falling wedge.
The breakout happened through a squeeze.
Inside the squeeze — a market structure break for LONG.
A double bottom formed.
After the breakout, a correction is expected to the neckline of the squeeze / the double bottom line.
Main entry — on a retest of this zone after confirmation of the price’s reaction.
Plan
Direction: LONG
Multiplier: X2–X3
Core idea: correction → retest → continuation of the upward move.
Entry zone:
0.16343
Fibo levels acceptable correction:
0.50
0.62
0.705
0.79
1.00
Stop-Loss: 0.1556
Maximum TP: 0.18156
Why LONG
Breakout from a falling wedge.
A squeeze before the breakout.
Bullish market structure break.
Double bottom and a break of the neckline.
Expected retest of the broken structure.
Above are marked liquidity pools, which are potential targets for the move.
Key point: do not chase the price after the breakout now. The scenario assumes exactly a correction to the broken structure and an entry on the retest.
If the retest does not occur or the structure during the correction is broken downward — the original LONG scenario becomes invalid.$ENA
