【ENA's frightful leap, is 0.76 a golden pit or a slide?】
Summary: Nearly 75 million USDT contracts have flowed out in 24 hours, yet the price remains above 0.76 at POC, resembling a 'low-volume washout'—after the main force has eaten its fill in the value anchor zone of 0.588–0.593, it deliberately pressed the price down to induce panic selling, then pulled it back to 0.80+.
Key intervals and trading volume
• Value anchor (POC): 0.5888, maximum transaction over 2 weeks 1879M, upper Up Vol 55% still dominates.
• High volume buffer zone (HVN): 0.559–0.594, 0.603–0.618, combined over 1.2B, buyback upon retracement.
• Low volume gap (LVN): 0.7126, 0.8562, once the price stands above 0.7126 it will quickly test 0.80–0.82.
• 70% transaction zone: 0.539–0.817, current price 0.763 is exactly at the midpoint of the zone, not overbought or oversold.
Momentum verification
POC zone Up/Down 55/45, buying slightly stronger; LVN above 0.7126 Up Vol 100%, a potential bullish springboard. 1h Bollinger band lower limit 0.755 has been touched, RSI 33, short-term oversold resonance.
Market cycle
Mid-term still in the 'high-level oscillation accumulation' stage: 7-day holdings +10.45%, yet the price remains nearly stable, a typical major force repositioning.
Trading strategy
1. Aggressive: Small long position at 0.755–0.760, stop loss at 0.748 (0.5×ATR≈0.012), target 0.800 (upper edge of LVN), risk-reward ratio ≈3.5.
2. Conservative: Add to position on a retracement to 0.72–0.728 (intensive buyer liquidity zone), stop loss at 0.715, target 0.838 (VAH), risk-reward ratio ≈2.8.
3. Cautious: Wait for a volume breakout above 0.80, then re-enter on a retracement to 0.795–0.798, stop loss at 0.788, target 0.849, risk-reward ratio ≈3.0.
Strategy invalidation: Daily close below 0.70 or a sharp drop in contract long positions >5%.
LP market-making suggestion
It is recommended to set up dual-sided orders for market-making in the range of 0.748–0.785: the upper limit close to the Bollinger upper band 0.810, lower limit anchored at the lower edge of the 70% transaction zone 0.739, with a range width of ≈5%, allowing collection of oscillation fees and enjoying breakthrough bonuses.
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