From the higher timeframe, ENA is still trading within a broader bearish structure.
The recent bounce is a reaction from support, not a confirmed trend reversal yet.
On the Daily, price is still respecting the descending trendline.
At this moment, there is no valid long trigger.
What I want to see next:
Price needs to print a high and then reclaim the key resistance level, turning it into support.
That R/S flip is required to confirm a potential structure shift.
Until that reclaim happens, this remains a patience trade.
No reclaim, no confirmation = no trade.
Let price do the work first.
Are you waiting for the reclaim or staying sidelined for now?
MrC
The recent bounce is a reaction from support, not a confirmed trend reversal yet.
On the Daily, price is still respecting the descending trendline.
At this moment, there is no valid long trigger.
What I want to see next:
Price needs to print a high and then reclaim the key resistance level, turning it into support.
That R/S flip is required to confirm a potential structure shift.
Until that reclaim happens, this remains a patience trade.
No reclaim, no confirmation = no trade.
Let price do the work first.
Are you waiting for the reclaim or staying sidelined for now?
MrC
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