🛡️ $ENA : Tough analysis. Why shorts have no place here?
Warning: Don't be an outsider - divide the entry into 3 stages: 1-entry and 2-averaging.
📊 Analysis of the "engine" of the market:
Trend and Corridor: The trend is pushing down after the $BTC rollback from 92k to 67k. But we have been sideways for a month. The spring is compressed to the limit, the exit may be sharp, as on $ENSO
Fibo and "Syriak": We are sitting in the gray zone at the "unit" level. We do not let the month break below, steadily bouncing off the support. Exiting the zone is only a matter of time.
Concrete volume: We are right on the main volume (POC). This is an equilibrium point that does not let go lower, but prepares the ground for a breakout above these volumes.
RSI — Pressure sensor: On 4H we are in extreme oversold (RSI 28). A local rebound is inevitable, orders to buy at this level are very dense.
Heat Map (Liquidation Map): There is no one to knock out the longs. It is unlikely that the price will go down (unless there is a short "puncture" at 0.1011/0.1009). But for the shorts, everything is fine: the liquidation zone starts at 0.10276 and ends at 0.1087. That is where futures traders can place takes.
BTC.D: Domination at the level of 45 RSI — uncertainty line. The market is ready for a discharge in either direction.
Situation on $ENSO : No change since yesterday — we are sitting in a thin channel. We are waiting for an exit, in the worst case scenario — below, in the priority scenario — a breakout upwards.
🛠️ Entry Strategy (Iron Logic):
🔵 For SPOT (Bull Sect):
1st entry: By market (current price).
2nd entry (Averaging): 0.1011.
3rd entry (Defensive): 1.09.
🔴 For FUTURES (With a cool head):
The same entry zones as on the spot.
Stop loss: 0.0967 (under local lows, be careful!).
Take profit: Short liquidation zone — 0.1087.
#CryptoAnalysis #TradingStrategy #SpotTrading
