💼 $ENA 4h Review

There are several confirmations of the structure breakdown and local trend change. The EQH (equal highs) and EQB levels were broken downwards — this confirms the presence of pressure from sellers. A strong upthrust with a further fall indicates a false breakout and #liquidity capture.

🫡 Long:

If the $0.31 level is maintained, a rebound and accumulation of liquidity is possible. If the price breaks through and consolidates above $0.3426 and $0.3490, we can expect a move to the resistance zone of $0.37–0.39. The final target in a #bullish scenario is the $0.40–0.42 zone, then a retest of strong resistance at $0.445 (Strong High) is possible.

😔 Short:

In case of a rollback to $0.3 and deviation from this level, a short to $0.29 is likely, where the next liquid zone is.

If the $0.28 level is broken, the market may test a weak minimum in the $0.27 area, and only from there a strong rebound is possible.

The #market is currently showing ambiguity and may follow one of two scenarios. Key levels for decision making:

🔆 For long: $0.33, then $0.3426–0.3490

🔆 For short: a rollback to the $0.33 area, followed by a decline to $0.28–0.27

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