ENS is riding the wave of renewed on‑chain identity demand as Ethereum’s upgrade fuels dApp growth, snapping back into a bullish channel after a week‑long consolidation.
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$ENS LONG 📈
Entry → $6.4665-$6.4795
Stop → $6.2788 (-3.0%)
TP1 → $6.5701 (+1.5%)
TP2 → $6.7967 (+5.0%)
R/R 1:1.7 • Confidence 64%
A change of character broke the descending swing and the volume delta turned bullish, confirming the break. The fair‑value gap from the prior pullback aligns with a fresh order block, while a liquidity sweep lit up the downside, creating a point of interest where the OB and FVG overlap. That confluence pushes the market into a higher‑high, higher‑low structure ready to run.
A 3.0% stop is relatively tight for a swing trade, so keep leverage modest—around 2‑3×.
Take half profit around the first target as the price approaches the next resistance zone.
As always: manage your risk, this is not financial advice 🙏
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