$ENA LONG TRADE — Bounce After The Wick?
ENA just did a crazy move on 15m — spike to 0.20296 / 0.2030 24H High, then a sharp flush down to 0.18451 low, and now trying to recover around 0.1961 / 0.19252. Currently +4.75% on the day.
This looks like a classic stop-hunt and reclaim setup to me.
My plan:
Entry: $0.1940 - $0.1961 (I'm looking for long on a hold above 0.194)
TP1: $0.1980
TP2: $0.2000
TP3: $0.2030
SL: $0.1900
Reasoning: Price wicked below 0.1900 and got bought up fast — that long wick shows buyers defended. As long as we stay above 0.1900, I expect continuation toward 0.1980 and then a retest of 0.2030 high. The 15m is building higher lows after the dump.
Invalidation is clean — 15m close below 0.1900 and I'm out, no questions.
Are you also looking for long on $ENA after that washout or waiting for a deeper dip?
#ENA #Write2Earn
ENA just did a crazy move on 15m — spike to 0.20296 / 0.2030 24H High, then a sharp flush down to 0.18451 low, and now trying to recover around 0.1961 / 0.19252. Currently +4.75% on the day.
This looks like a classic stop-hunt and reclaim setup to me.
My plan:
Entry: $0.1940 - $0.1961 (I'm looking for long on a hold above 0.194)
TP1: $0.1980
TP2: $0.2000
TP3: $0.2030
SL: $0.1900
Reasoning: Price wicked below 0.1900 and got bought up fast — that long wick shows buyers defended. As long as we stay above 0.1900, I expect continuation toward 0.1980 and then a retest of 0.2030 high. The 15m is building higher lows after the dump.
Invalidation is clean — 15m close below 0.1900 and I'm out, no questions.
Are you also looking for long on $ENA after that washout or waiting for a deeper dip?
#ENA #Write2Earn