$ENA prints 7x volume as fresh buying pressure fuels the bullish structure
My bias remains bullish on the 1H, with daily and weekly structure aligned for continuation. However, BTC remains bearish on the same timeframe, so I’m treating ENA as an alt long against the benchmark and waiting for confirmation instead of chasing the volume spike.
The 7x volume burst and sharp move higher suggest strong participation around the 0.2486–0.2535 liquidity pocket, but I want to see whether buyers can defend the structure after a pullback.
Key demand sits at 0.2486–0.2438, with 0.2433–0.2428 acting as potential liquidity-sweep territory. A clean sweep followed by a 1H bullish engulfing or lower-TF MSS reclaiming 0.2486 would strengthen the continuation setup.
Upside path: 0.2611 → 0.2632 → 0.2729, with 0.2789 as an extended target if 0.2611 flips into solid support.
Entry zone: 0.2486–0.2438 after a confirmed sweep and reclaim. Avoid chasing the 7x volume print at the highs.
Take-profits: 0.2611 → 0.2632 → 0.2729
Invalidation: 1H close below 0.2438 would break the bullish structure and shift the bias bearish.
Flow: OI $141.7M (+0.5% 24H) | Funding +0.0050% | Taker 1.15×
Educational report only. Wait for confirmation and manage risk.
#ENA #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $ENA
My bias remains bullish on the 1H, with daily and weekly structure aligned for continuation. However, BTC remains bearish on the same timeframe, so I’m treating ENA as an alt long against the benchmark and waiting for confirmation instead of chasing the volume spike.
The 7x volume burst and sharp move higher suggest strong participation around the 0.2486–0.2535 liquidity pocket, but I want to see whether buyers can defend the structure after a pullback.
Key demand sits at 0.2486–0.2438, with 0.2433–0.2428 acting as potential liquidity-sweep territory. A clean sweep followed by a 1H bullish engulfing or lower-TF MSS reclaiming 0.2486 would strengthen the continuation setup.
Upside path: 0.2611 → 0.2632 → 0.2729, with 0.2789 as an extended target if 0.2611 flips into solid support.
Entry zone: 0.2486–0.2438 after a confirmed sweep and reclaim. Avoid chasing the 7x volume print at the highs.
Take-profits: 0.2611 → 0.2632 → 0.2729
Invalidation: 1H close below 0.2438 would break the bullish structure and shift the bias bearish.
Flow: OI $141.7M (+0.5% 24H) | Funding +0.0050% | Taker 1.15×
Educational report only. Wait for confirmation and manage risk.
#ENA #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $ENA