Today, ENA's movement was more thrilling than walking a tightrope! The price is bouncing back and forth at 0.5956, just like a sandwich cookie being squished between two mountains.
Ceiling 0.6248: After three attempts in three days, all were smashed back; each time hitting this level felt like crashing into a high-voltage power grid. Look at yesterday's long upper shadow 'lightning rod', the main force's pressure traces are too obvious.
Springboard 0.5008: Looking far? When the early session spike hit 0.5244, it was held up by it, but the Bollinger Bands have shrunk to a point smaller than a needle's eye—this suffocating feeling reminds me of the night before the LUNA collapse in January this year!
Critical detail: The trading volume withers like sun-dried vegetable leaves during an uptrend, but suddenly swells during a downturn, typical 'main force's covert selling' method.
News is pouring oil on the fire.
Just uncovered three bombs rewriting the battlefield:
Trump drops a bomb: At three in the morning, during a speech, he suddenly reversed his stance, calling 'crypto the torch of freedom', with a 180-degree policy turn that scared Jump Trading to quickly dump 870,000 ENA onto Binance.
Market makers playing psychological warfare: 0.6240 pressing on the 2.5 million ENA sell wall, deliberately breaking the orders into small pieces to disguise as retail investors.
Whales playing hedge magic: Discovered an undisclosed giant whale crazily buying 0.48 dollar weekly put options on Deribit, betting on a 15% drop within three days!
Bloody experience review.
Having worked in this field for eight years, I've summarized three iron rules:
Don't be the 'sandwich meat':
Last week, my fans got itchy and went long at 0.5956, but when Trump spoke, their 20x leverage was directly evaporated.
Learn from the groundhog about placing orders:
Short position ambush at 0.6220, with the overhead sell wall moving down by 28 points to guard against false breakouts.
Long position trench digging at 0.5080, leaving 72 points of buffer from strong support at 0.5008 to guard against market maker's spike.
Leverage wind indicator: when Binance fees > 0.1%
The doomsday vehicle has been activated.
The fuse on the powder keg of market change is sparking:
Upward breakout signal: 1-hour volume breakthrough at 0.6248, and Binance's buy orders suddenly consumed the sell wall.
Nuclear explosion countdown: If it breaks below 0.5008 accompanied by large block trades on Deribit options, the crash will point straight to 0.45!
The scariest part is not the crash, but the uncertainty—who is standing behind that 2.5 million ENA sell wall? Is Jump Trading's transfer of 870,000 ENA to Binance just a smokescreen? Will the giant whale's 0.48 put option self-fulfill?
If you don't know what an effective breakout is, you can come find Chan Lian, who will guide you step by step. Are you stuck? Don't know when to enter? As always, if you feel confused and helpless and don't know what to do, click on the avatar to comment. I need fans and you need references.