📉 BEARISH BIAS | $ENA bearish, but there is a bullish setup scoring 7/10 on the 1h timeframe; it is only a short-term countertrend swing against the 1h downtrend.
📊 TECHNICALS: The daily, 4h, and 1h timeframes are all bearish, with price below the EMA20 and EMA50 on all three. By contrast, the 4h MACD is still positive, but the histogram is narrowing.
💰 MONEY FLOW: Binance spot aggressive buying is 56.1% over 1 hour, but only 46.8% over 4 hours; buying pressure has only just started to pick up. Binance Futures top traders hold 59.2% long positions, while OKX and Gate top traders are leaning short.
📰 NEWS: Cointelegraph (11/11) reported that US inflation in October was higher than forecast, increasing the likelihood of the Fed raising interest rates by half a percentage point in December.
₿ VS. BTC: Over the past 24 hours, during the hours when BTC rose, its cumulative gain was +3.2%, while ENA gained +3.08%; during the hours when BTC fell, its cumulative loss was -5.2%, while ENA fell -7.08%. ENA is weaker than BTC: it rises less and falls more.
🎯 LEVELS TO WATCH FOR $ENA : support at 0.1441 USDT · resistance at 0.157 USDT
🧭 BOUNCE SETUP: long the bounce, countertrend · score 7/10 · R:R 1:0.9 to TP1, 1:2.5 to TP2
• Money flow: aggressive buying is 63.8% over 15 minutes, 56.1% over 1 hour, and 46.8% over 4 hours
• Signal: there is a buy wall of about 3449 thousand USDT right at 0.1467
• Watch out: COUNTER to the 1h trend (currently bearish): this is only a short bounce, with the first target at the 1h EMA20; BTC is bearish on the 1h timeframe
• Entry: 0.1467 – 0.1483 (from the 24-hour low to the current price; don't chase if price moves further away)
• SL: 0.1455 – 0.1462 (-1.9%; just below the 24-hour low of 0.1467: a close below this level invalidates the bounce)
• TP1: 0.151 – 0.1519 (+1.8%, R:R 1:0.9; just before the 1h EMA20 at 0.152)
• TP2: 0.1554 – 0.1563 (+4.8%, R:R 1:2.5; just before the 1h resistance at 0.1565)
Data as of 01:16 11/11 (UTC+7).
In the 0.1441 to 0.157 range, do you lean long or short, and why?
Manage your capital before entering a trade.
Not investment advice. DYOR.
#BinanceSquare #ENA
📊 TECHNICALS: The daily, 4h, and 1h timeframes are all bearish, with price below the EMA20 and EMA50 on all three. By contrast, the 4h MACD is still positive, but the histogram is narrowing.
💰 MONEY FLOW: Binance spot aggressive buying is 56.1% over 1 hour, but only 46.8% over 4 hours; buying pressure has only just started to pick up. Binance Futures top traders hold 59.2% long positions, while OKX and Gate top traders are leaning short.
📰 NEWS: Cointelegraph (11/11) reported that US inflation in October was higher than forecast, increasing the likelihood of the Fed raising interest rates by half a percentage point in December.
₿ VS. BTC: Over the past 24 hours, during the hours when BTC rose, its cumulative gain was +3.2%, while ENA gained +3.08%; during the hours when BTC fell, its cumulative loss was -5.2%, while ENA fell -7.08%. ENA is weaker than BTC: it rises less and falls more.
🎯 LEVELS TO WATCH FOR $ENA : support at 0.1441 USDT · resistance at 0.157 USDT
🧭 BOUNCE SETUP: long the bounce, countertrend · score 7/10 · R:R 1:0.9 to TP1, 1:2.5 to TP2
• Money flow: aggressive buying is 63.8% over 15 minutes, 56.1% over 1 hour, and 46.8% over 4 hours
• Signal: there is a buy wall of about 3449 thousand USDT right at 0.1467
• Watch out: COUNTER to the 1h trend (currently bearish): this is only a short bounce, with the first target at the 1h EMA20; BTC is bearish on the 1h timeframe
• Entry: 0.1467 – 0.1483 (from the 24-hour low to the current price; don't chase if price moves further away)
• SL: 0.1455 – 0.1462 (-1.9%; just below the 24-hour low of 0.1467: a close below this level invalidates the bounce)
• TP1: 0.151 – 0.1519 (+1.8%, R:R 1:0.9; just before the 1h EMA20 at 0.152)
• TP2: 0.1554 – 0.1563 (+4.8%, R:R 1:2.5; just before the 1h resistance at 0.1565)
Data as of 01:16 11/11 (UTC+7).
In the 0.1441 to 0.157 range, do you lean long or short, and why?
Manage your capital before entering a trade.
Not investment advice. DYOR.
#BinanceSquare #ENA
