🚀
$ENA /USDT: The "Spring" Loaded Setup? 📈
The
$ENA chart is flashing a classic Mean Reversion opportunity. After a sharp dip to $0.2183, we are seeing a "V-shaped" recovery attempt as price battles back toward the key Moving Averages.
🔍 The Technical Breakdown:
The Dip: Price successfully tested the $0.2180 demand zone, creating a local bottom.
MA Battle: We are currently trading at $0.2242, sandwiched between the MA(7) ($0.2222) acting as support and the MA(25) ($0.2256) acting as immediate resistance.
Volume Spike: Notice the green volume bars at the bottom? Buyers are stepping in to defend the $0.22 level.
⚡ The Trade Setup: "The Breakout Scalp"
Strategy: Anticipating a flip of the MA(25) into support for a run toward the MA(99).
🔵 Entry Zone: $0.2245 – $0.2260 (Wait for a 30m candle close above the pink MA line).
🎯 Target 1: $0.2310 (Recent local peak)
🚀 Target 2: $0.2367 (24h High & major resistance)
🛡️ Stop Loss: $0.2170 (Just below the daily low to stay safe)
💡 Why this is Unique:
While the broader sentiment shows some fear, Arthur Hayes and other "Smart Money" whales have been accumulating
$ENA recently. We are seeing a Wyckoff Spring potential here—where a fake-out to the downside leads to a massive trend reversal.
⚠️ Risk Note: The 24h trend is still down (-4.96%), so keep your leverage low and your eyes on the $0.2256 resistance flip!
#ENA #USTradeDeficitShrink #StrategyBTCPurchase