ENA / TetherUSLong
ENA
Fake support has been created by smart money around the 0.90 zone to induce retail traders in placing their longs at that level
I would think the trend would target the weekly imbalance which would take out these lows whereas also give us a deviation.
Green box is my entry where I would seek a market structure shift as well
Daily MACD is under the zero line plus with additional imbalances created above, I dont think the trend will seek additional liquidity.
Long term trend is still bullish
I would think the trend would target the weekly imbalance which would take out these lows whereas also give us a deviation.
Green box is my entry where I would seek a market structure shift as well
Daily MACD is under the zero line plus with additional imbalances created above, I dont think the trend will seek additional liquidity.
Long term trend is still bullish
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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.