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$ENA HTF Analysis: Expecting Correction
My higher timeframe chart is telling a clear story, and it's not a bullish one right now. The key support zone that held through April has finally cracked.
The breakdown suggests we're heading into the next major leg down. Using the previous structure, a measured move points to a target zone around $0.1312.
I'm not rushing to short here at the current market price (CMP). A breakdown like this often sees sharp, rallies liquidity grabs to trap eager shorts.
It aligns with the HTF momentum (down) while respecting market mechanics. It prevents me from shorting at a potential local bottom and getting squeezed.
Always trade your own plan. This is mine.
#ethena
#Spot
#highertimeframes
My higher timeframe chart is telling a clear story, and it's not a bullish one right now. The key support zone that held through April has finally cracked.
The breakdown suggests we're heading into the next major leg down. Using the previous structure, a measured move points to a target zone around $0.1312.
I'm not rushing to short here at the current market price (CMP). A breakdown like this often sees sharp, rallies liquidity grabs to trap eager shorts.
It aligns with the HTF momentum (down) while respecting market mechanics. It prevents me from shorting at a potential local bottom and getting squeezed.
Always trade your own plan. This is mine.
#ethena
#Spot
#highertimeframes
ShehrozAkaSherry:
What did you say?
Should i DCA now or wait?
If wait then kab tak wait krna chahiyai?
Don't Get Caught in the Chop!
Traders, beware! Are you losing money by flipping bearish or bullish on every red or green candle?
The truth is, the price is often stuck in a range, and lower timeframes can be deceiving.
Here's a secret: focus on higher timeframes (HTF) and execute your trades based on those trends. You're less likely to get trapped in the chop!
By zooming out, you'll see the bigger picture and make more informed decisions. Don't let the noise of lower timeframes dictate your trades.
Stay calm, stay patient, and trade with clarity! #tradingtips #highertimeframes #avoidthechop #BinanceLaunchpoolDOGS #BinanceBlockchainWeek
Traders, beware! Are you losing money by flipping bearish or bullish on every red or green candle?
The truth is, the price is often stuck in a range, and lower timeframes can be deceiving.
Here's a secret: focus on higher timeframes (HTF) and execute your trades based on those trends. You're less likely to get trapped in the chop!
By zooming out, you'll see the bigger picture and make more informed decisions. Don't let the noise of lower timeframes dictate your trades.
Stay calm, stay patient, and trade with clarity! #tradingtips #highertimeframes #avoidthechop #BinanceLaunchpoolDOGS #BinanceBlockchainWeek
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