ENA has been gaining solid traction over the past few weeks, and the chart is shaping up nicely. Here are two trade scenarios I’m currently tracking:🔻 THE SELL SETUP
This sell trade carries moderate risk, as the sell-side order block has already been mitigated. However, it still holds potential for a short-term decline.
• Entry: $0.6655
• Target: $0.5327
• Stop Loss: $0.7035
If we hit the sell target, price may bounce briefly—giving us another opportunity to buy before a possible continuation to our deeper buy point.
🟢 THE MAIN BUY SETUP (POI)
This is my preferred scenario. We’ve had a Break of Structure (BOS) on the left side, making the BOS Origin combined with Inducement (IDM) a strong confluence for the next bounce.
• Entry: $0.4534
• Target: $0.6940
• Stop Loss: $0.4131
Let’s see how this plays out—good luck to us!
#ENA #Ethena #CryptoTrading #Altcoins #TradeSetup #SMCtrading
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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.