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$ENA SELL/BUY TRADE SETUP
$ENA has been gaining solid traction over the past few weeks, and the chart is shaping up nicely. Here are two trade scenarios I’m currently tracking:
🔻 THE SELL SETUP
This sell trade carries moderate risk, as the sell-side order block has already been mitigated. However, it still holds potential for a short-term decline.
•Entry: $0.6655
•Target: $0.5327
•Stop Loss: $0.7035
If we hit the sell target, price may bounce briefly—giving us another opportunity to buy before a possible continuation to our deeper buy point.
🟢 THE MAIN BUY SETUP (POI)
This is my preferred scenario. We’ve had a Break of Structure (BOS) on the left side, making the BOS Origin combined with Inducement (IDM) a strong confluence for the next bounce.
•Entry: $0.4534
•Target: $0.6940
•Stop Loss: $0.4131
Let’s see how this plays out—good luck to us!
#ENA # Ethena #CryptoTrading # Altcoins #TradeSetup # SMCtrading