📌 Current Situation:
The price has reached the 1D OB cluster, a key support zone at $0.38 - $0.325.
A local level has formed, and LTF structure suggests a potential bottom.
🎯 Trading Plan:
🔹 Buy Zone: $0.38 - $0.325 – a critical support area.
🔹 Targets: First resistance at $0.65, with a possible retest and pullback in March.
🔹 Stop-Loss: Below $0.325 – a breakdown of this level invalidates the scenario.
📈 Justification:
✅ 1D OB Cluster: A strong demand zone with notable buyer activity.
✅ Potential Rebound to $0.65: A classic consolidation phase before a trend movement.
✅ Technical Structure: A tightening range is forming, suggesting an accumulation phase.
💡 Conclusion:
ENAUSDT looks promising for a spot entry, but a potential retest of the lows should be considered. Current levels offer an optimal risk/reward setup, but confirmation of a reversal is essential before entering.
The price has reached the 1D OB cluster, a key support zone at $0.38 - $0.325.
A local level has formed, and LTF structure suggests a potential bottom.
🎯 Trading Plan:
🔹 Buy Zone: $0.38 - $0.325 – a critical support area.
🔹 Targets: First resistance at $0.65, with a possible retest and pullback in March.
🔹 Stop-Loss: Below $0.325 – a breakdown of this level invalidates the scenario.
📈 Justification:
✅ 1D OB Cluster: A strong demand zone with notable buyer activity.
✅ Potential Rebound to $0.65: A classic consolidation phase before a trend movement.
✅ Technical Structure: A tightening range is forming, suggesting an accumulation phase.
💡 Conclusion:
ENAUSDT looks promising for a spot entry, but a potential retest of the lows should be considered. Current levels offer an optimal risk/reward setup, but confirmation of a reversal is essential before entering. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.