📊 Technical Analysis and Trading Setup for $ENA /USDT
An interesting situation is unfolding in the $ENA/USDT market: a local price rebound ($0.1573) is occurring amidst a heavily overcrowded long position environment. Top traders are predominantly holding long positions (66%), while most whales are underwater with an average entry price of $0.1974.
Given that large players have been primarily selling over the past hour ($793K in sales vs. $559K in purchases), there is a high probability of a local long squeeze (triggering retail stop-losses) before a sustained upward move.
🔴 Trading Setup (Short / Pullback):
Entry Zone: $0.1580 – $0.1650 (approaching resistance)
Take-Profits (TP):
TP1: $0.1489
TP2: $0.1396
Stop-Loss (SL): $0.1710
🟢 Alternative: Consider a Long entry only after a correction and liquidity sweep in the $0.1390–$0.1450 zone, with a target above $0.1860.
An interesting situation is unfolding in the $ENA/USDT market: a local price rebound ($0.1573) is occurring amidst a heavily overcrowded long position environment. Top traders are predominantly holding long positions (66%), while most whales are underwater with an average entry price of $0.1974.
Given that large players have been primarily selling over the past hour ($793K in sales vs. $559K in purchases), there is a high probability of a local long squeeze (triggering retail stop-losses) before a sustained upward move.
🔴 Trading Setup (Short / Pullback):
Entry Zone: $0.1580 – $0.1650 (approaching resistance)
Take-Profits (TP):
TP1: $0.1489
TP2: $0.1396
Stop-Loss (SL): $0.1710
🟢 Alternative: Consider a Long entry only after a correction and liquidity sweep in the $0.1390–$0.1450 zone, with a target above $0.1860.
