Analysis of Rejection from Upper Liquidity Zone – $ENA/USDT (1H, Binance)
Current Situation:
The price is approaching the upper liquidity zone, which is a key resistance area.
A limit order is placed near this zone (red area), indicating potential selling pressure.
If the price fails to break through, a rejection and downward move are likely.
Price Movement Forecast:
1️⃣ Bearish Scenario (Rejection from Liquidity Zone)
If the price tests the upper liquidity zone but fails to break through, we can expect a pullback downward.
Key downside targets:
First target: Fair Value Gap (FVG 1H) around 0.415-0.42.
Second target: Order Block (OB 1H) around 0.41-0.412, which may serve as strong support.
2️⃣ Alternative Scenario (Breakout & Continuation Upwards)
If the price breaks above the liquidity zone and holds, it will signal further upside potential.
Next target resistance would be around 0.45-0.455.
Trading Strategy:
✅ Short Entry from Upper Liquidity Zone
Entry: Upon confirmation of rejection from the liquidity area.
Stop-Loss: Above liquidity (around 0.445-0.447).
Take-Profit:
TP1 – 0.42 (FVG zone).
TP2 – 0.41 (OB 1H support level).
✅ Long Entry from Order Block (OB 1H)
If the price retests the OB 1H (0.41-0.412), this could be a strong buying opportunity with a tight stop-loss.
Conclusion:
As long as the limit order holds, a rejection and pullback are likely.
Watch the FVG and OB zones as potential bounce areas.
If price breaks above the liquidity zone, expect a move towards 0.45+.
⚡ Recommendation: Monitor price action in the liquidity zone for confirmation before entering a trade.
Do you favor the short or breakout scenario? 🚀📉$ENA
Current Situation:
The price is approaching the upper liquidity zone, which is a key resistance area.
A limit order is placed near this zone (red area), indicating potential selling pressure.
If the price fails to break through, a rejection and downward move are likely.
Price Movement Forecast:
1️⃣ Bearish Scenario (Rejection from Liquidity Zone)
If the price tests the upper liquidity zone but fails to break through, we can expect a pullback downward.
Key downside targets:
First target: Fair Value Gap (FVG 1H) around 0.415-0.42.
Second target: Order Block (OB 1H) around 0.41-0.412, which may serve as strong support.
2️⃣ Alternative Scenario (Breakout & Continuation Upwards)
If the price breaks above the liquidity zone and holds, it will signal further upside potential.
Next target resistance would be around 0.45-0.455.
Trading Strategy:
✅ Short Entry from Upper Liquidity Zone
Entry: Upon confirmation of rejection from the liquidity area.
Stop-Loss: Above liquidity (around 0.445-0.447).
Take-Profit:
TP1 – 0.42 (FVG zone).
TP2 – 0.41 (OB 1H support level).
✅ Long Entry from Order Block (OB 1H)
If the price retests the OB 1H (0.41-0.412), this could be a strong buying opportunity with a tight stop-loss.
Conclusion:
As long as the limit order holds, a rejection and pullback are likely.
Watch the FVG and OB zones as potential bounce areas.
If price breaks above the liquidity zone, expect a move towards 0.45+.
⚡ Recommendation: Monitor price action in the liquidity zone for confirmation before entering a trade.
Do you favor the short or breakout scenario? 🚀📉$ENA