$ENA
ENAUSDT Perpetual | Long Setup | Intraday Structure
Short positions were forced to close near $0.22898, which shows sellers are losing control at this level. When shorts are squeezed out and price holds, the buy-side pressure usually extends. Price is trading above the $0.22500 zone, and that area now acts as the first line of support. This favors a bullish continuation.
EP (Entry Price): $0.22600 to $0.22900
TP1: $0.23500
TP2: $0.24200
TP3: $0.25000
SL (Stop Loss): $0.21900
Trend strength: Buyers are in control, and short-side liquidations near $0.22898 confirm that bearish positions are being trapped. As long as price stays above $0.22500, the short-term trend remains upward.
Momentum and structure bias: Momentum is shifting to the upside as forced buying from liquidated shorts adds fuel to the move. The structure favors continuation while price holds above $0.22500, and a close below $0.21900 invalidates this setup.
Why price is likely to reach the targets: Stop orders from trapped sellers sit above $0.23000, and a clean break through that area opens the path to $0.23500 and $0.24200. The $0.25000 round number is the final target where profit-taking is most likely.
$ENA
ENAUSDT Perpetual | Long Setup | Intraday Structure
Short positions were forced to close near $0.22898, which shows sellers are losing control at this level. When shorts are squeezed out and price holds, the buy-side pressure usually extends. Price is trading above the $0.22500 zone, and that area now acts as the first line of support. This favors a bullish continuation.
EP (Entry Price): $0.22600 to $0.22900
TP1: $0.23500
TP2: $0.24200
TP3: $0.25000
SL (Stop Loss): $0.21900
Trend strength: Buyers are in control, and short-side liquidations near $0.22898 confirm that bearish positions are being trapped. As long as price stays above $0.22500, the short-term trend remains upward.
Momentum and structure bias: Momentum is shifting to the upside as forced buying from liquidated shorts adds fuel to the move. The structure favors continuation while price holds above $0.22500, and a close below $0.21900 invalidates this setup.
Why price is likely to reach the targets: Stop orders from trapped sellers sit above $0.23000, and a clean break through that area opens the path to $0.23500 and $0.24200. The $0.25000 round number is the final target where profit-taking is most likely.
$ENA