$ENJ USDT Short (triangle breakdown)
Price is ~0.03021 on the 15m chart, squeezing inside a triangle between the falling resistance line (LH at ~0.0316) and the rising support line, with the key level at 0.02970 (38.2%) just below.
Entry: 15m candle close below 0.02960 (breaks the support line and the 0.02970 level), or a rejection at 0.03040-0.03060 (50% level)
Stop loss: 0.03130 (above the 61.8% level and the falling trendline)
TP1: 0.02900 (LL area) TP2: 0.02800 TP3: 0.02720 (0% level / HL, only if 0.02800 breaks with volume)
Notes:
Bias is bearish: lower high and lower low after the sharp drop from the HH, with price below the 50% level. But the triangle is unbroken, so wait for a confirmed close below support instead of shorting inside it. Skip the short if a 15m candle closes above 0.03130; that flips the structure. The 15m timeframe is noisy, and the volume spike was a one-off. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~0.03021 on the 15m chart, squeezing inside a triangle between the falling resistance line (LH at ~0.0316) and the rising support line, with the key level at 0.02970 (38.2%) just below.
Entry: 15m candle close below 0.02960 (breaks the support line and the 0.02970 level), or a rejection at 0.03040-0.03060 (50% level)
Stop loss: 0.03130 (above the 61.8% level and the falling trendline)
TP1: 0.02900 (LL area) TP2: 0.02800 TP3: 0.02720 (0% level / HL, only if 0.02800 breaks with volume)
Notes:
Bias is bearish: lower high and lower low after the sharp drop from the HH, with price below the 50% level. But the triangle is unbroken, so wait for a confirmed close below support instead of shorting inside it. Skip the short if a 15m candle closes above 0.03130; that flips the structure. The 15m timeframe is noisy, and the volume spike was a one-off. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper