$ENA

$ENA
#ENA
The current market structure aligned with BTC shows that the ENA is currently sitting at strong support of 0.257/0.245 as this region is the previous cycle strong bounce zone.Arkham Data shows massive transfer of tokens from exchange to Wallets linked to Ethena labs transfering 25 million tokens multiple times and Aurther Hayes buying at 0.23 region average price.This thing led to conclusion that whales are buying at region of 0.25/0.24/0.23 as many wallets transferring tokens in this accumulation phase for the short term rally for ALTs to bring liquidity for downside in market.

Scenario 1:If #BTC on its weekly open does not moves towards the LTF support of 86k and went for liquidity sweep at 98k than the possible move for #ENA from current is local top resistance which was previous strong bounce zone which led 21% move up last time and after that the Massive Ressistance zone of EMA55 at 0.341 and a daily close above 0.341 will send it towards my target of 0.41 which is Resistance on Weekly timeframe this scenario is very optimistic for the current market situation.

Scenario 2(More Realistic):#BTC on its weekly Open move towards the 86/85K Region where current small liquidity cluster on LTF is formed that will further lead #ENA towards 0.24 region and for massive liquidity grab a wick to 0.223 region is also possible because binance and bybit has liquidity on LTF in the region after that the scenario for me is BTC final move towards 98/108k region looks realistic to me for last exit opportunity and late short punishment.A huge cluster of liquidity is above the 98k and 108k region is formed and market runs for liquidity as ENA also have huge huge cluster above 0.36 the last rejection zone and weekly resistance will be the last target before big move down for crypto market.Currently the declining resistance from 0.8 region is broken and retesting is in process after that a 50% recovery that will be 60% Pump is imminent from CMP and necessary before the big move Down for ENA with Crypto market.

(Not a Financial Advice)

{future}(ENAUSDT)