$ENA chopping between 0.135 and 0.175 for weeks now, after that vertical move off 0.087. back at the top of the range this morning.
taking it here, which is not how I normally do it. usually I want the flush and the reclaim, not the breakout.
the difference is what's underneath. 0.087 to 0.135 happened in basically one move and nothing has gone back to fill it. a range sitting on top of a gap like that tends to resolve in the direction of the move that made it, not against it.
wrong under 0.152. that's mid range deliberately, so if it rotates back through I'm out long before the range low rather than sitting there hoping.
0.26+ if it works📈
anyone else in this or are you waiting for the retest?
taking it here, which is not how I normally do it. usually I want the flush and the reclaim, not the breakout.
the difference is what's underneath. 0.087 to 0.135 happened in basically one move and nothing has gone back to fill it. a range sitting on top of a gap like that tends to resolve in the direction of the move that made it, not against it.
wrong under 0.152. that's mid range deliberately, so if it rotates back through I'm out long before the range low rather than sitting there hoping.
0.26+ if it works📈
anyone else in this or are you waiting for the retest?