So the scenario 1 is going in the right direction.
The market is ranging widely, sweeping liquidity down to clear long stop losses, resetting funding & open interest, and attracting real spot demand.
Strategy: patiently wait for a flush to HTF support, only go long when there is clear confirmation.
The absorption phase can easily have fake breakouts & strong wicks, reduce leverage, set stop losses according to structure, wait for a break & retest / shift in structure before entering the trade.
ENA
0.2343
-4.91%
LINK
13.44
-2.11%