Everyone's calling this a moonshot, but the 1H chart just armed a trap at the top.
$ENA / USDT - SHORT
Trade Plan:
Entry: 0.1485 – 0.1490
SL: 0.1560
TP1: 0.1420
TP2: 0.1350
TP3: 0.1250
Why this setup?
On the 1H timeframe, price pumped 45% but is now rejecting the 0.1555 high with volume showing 124M vs MA5 at 65.5M – but this appears to be climax distribution rather than accumulation. Price is stretched far above MA25 (0.1252) and MA99 (0.0966), making a massive pullback toward these levels the most logical outcome over the coming hours.
Debate : Will ENA break above 0.1555 and run to 0.16, or reject and crash to 0.142?
Click here to Trade 👇
$ENA / USDT - SHORT
Trade Plan:
Entry: 0.1485 – 0.1490
SL: 0.1560
TP1: 0.1420
TP2: 0.1350
TP3: 0.1250
Why this setup?
On the 1H timeframe, price pumped 45% but is now rejecting the 0.1555 high with volume showing 124M vs MA5 at 65.5M – but this appears to be climax distribution rather than accumulation. Price is stretched far above MA25 (0.1252) and MA99 (0.0966), making a massive pullback toward these levels the most logical outcome over the coming hours.
Debate : Will ENA break above 0.1555 and run to 0.16, or reject and crash to 0.142?
Click here to Trade 👇