ENA is currently trading below the weekly support level, which keeps the higher-timeframe bias bearish.
As long as price remains below this weekly level, longs are high risk.
On the 1H timeframe, price has retraced into a clear sell-side zone, aligning with:
Prior resistance
A clean bearish order block
Weak reaction on the retrace (no impulsive bullish displacement)
📉 Market context confirmation:
Total Market Cap still shows bearish structure, supporting downside continuation across altcoins.
Key thesis:
Weekly support flipt in to resistance
No bullish deviation confirmed
HTF + LTF structure align bearish
ENA only turns bullish if:
➡️ Price deviates below the level,
➡️ Reclaims the weekly level as support,
➡️ And shows strong bullish displacement (as discussed in the weekly analysis).
Until then, rallies are considered sell opportunities.
Target idea:
Liquidity draw towards equal lows (EQL) remains likely if resistance holds.
Not financial advice. Always manage risk.
Do you think ENA will reject from resistance or reclaim the weekly level first? 👀📉
MrC
As long as price remains below this weekly level, longs are high risk.
On the 1H timeframe, price has retraced into a clear sell-side zone, aligning with:
Prior resistance
A clean bearish order block
Weak reaction on the retrace (no impulsive bullish displacement)
📉 Market context confirmation:
Total Market Cap still shows bearish structure, supporting downside continuation across altcoins.
Key thesis:
Weekly support flipt in to resistance
No bullish deviation confirmed
HTF + LTF structure align bearish
ENA only turns bullish if:
➡️ Price deviates below the level,
➡️ Reclaims the weekly level as support,
➡️ And shows strong bullish displacement (as discussed in the weekly analysis).
Until then, rallies are considered sell opportunities.
Target idea:
Liquidity draw towards equal lows (EQL) remains likely if resistance holds.
Not financial advice. Always manage risk.
Do you think ENA will reject from resistance or reclaim the weekly level first? 👀📉
MrC
Trade chiuso manualmente
Closing this trade! We have a MSS on the total MC 4hr tf. Possible local bottom is in
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.