RIDE 2 X LONG BULL ON ENS USDT 4 HOURS CHARTDear Tradingview family,
Symbol: #ENS_USDT
Strategy: #Trend_TRADING #Trendline #Support_Resistance
Indicators: #Price_Action. #Chart_patterns #Trendline #Support_Resistance
Anchor Time: 4 Hours
Trading Time Frame: 1HOUR
Trade Call Type: #LONG.
Order Type: BUY LIMIT
Entry: BUY when Price test the trendline.
Entry price: 13.41
Take Profit: 15.90
Stop Loss: 12.17
RRR- 1:2
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
ENSUSDT trade ideas
ENSUSDT is inside the ascending channelENSUSDT is currently undergoing a testing phase of its static support at 13.30 within an ascending channel. This means that the price is being supported at this level, and there is a possibility that it may continue to rise within the channel.
However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially trigger a new bearish impulse. This means that the price may experience a downward trend, which could potentially lead to a sell-off.
According to Plancton's rules, in the event of a breakdown, it may be advisable to take a short position.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Ascending Triangle (15M) There is an ascending triangle forming on the 15 minute for ENS, these usually break upwards after trying to break a straight horizontal resistance after a while, this also usually occurs after a uptrend and with a decreasing volume! I expect a break to the upside and to make a new high on the higher time-frames.
ENS , Ascending Broadening Wedge Ive been seeing a ascending broadening wedge form in the short term for $ENS, this wedge is signing a huge symmetrical triangle forming since May. Overall outlook is bullish , on the 4HR we see a double bottom forming. On the 1D we found support near the bottom of the triangle.
ENSUSDT 80 % pump (NEW)ENSUSDT looks bullish.
Support has held and it has been retested several times. Now it looks like the trend is ready for a further continuation to the upside. If BTC doesn't dump hard, we should see altcoins catching up.
Stop loss, final target and 2 take profit levels are shown on the chart.
Good luck
ENSUSDT future for 2.5%/25% Absolute X3My recommended trades are based only on the uptrend of the market. It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit. And only losing trades will remain open until they are liquidated. This trading strategy is backtested and works only in an uptrend.
ENS Buy Trade is Ready Here Is My Study About ENS. Broked Importent Resistence. And I think Its Gave Us A Bit Profit Now.
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$ENS-updatemost alts waiting to flip key levels once and IF they do giga gap up and green across the board so still targeting 21-23 with this bubba
my current game plan is ...
still looking at this play as a possible reversal zone play
btc mcap is huge compared to our beloved shitcoins so when a little of that trickles into coins with way smaller mcaps we see alt season.
btc-largecaps-midcaps-lowcaps-btc-usdt
However since bitcoin is approaching a major supply zone the probability of it reversing is high and breaking though in the first attempt aint going to happen and IF it does can always buy back 5% higher :)
$ENS-updatefun is yet to begin hold on we are going home :)
time to start planning your exits in my opinion next few days btc flowing into alts should give us redemption then looking to scale into shorts albeit 1X , will be watching for btc wicks up into supply to possibly hedge
the risk / reward for this rally aint there anymore
ride your current positions
lock in profits
wait for blood on the streets to buy back