$ENA TOKEN
4H
Bullish
Price has successfully cleared the 4H consolidation range and is holding above the high volume node. We are seeing a clear market structure shift as previous resistance flips to support. High-conviction entry on the retest of the breakout zone.
Trade Plan
Entry range: 0.1110 - 0.1140
Stop Loss: 0.1085
TP1: 0.1225
TP2: 0.1340
TP3: 0.1450
Why this setup
Market structure shift from LL to HL on the 4H timeframe confirms the local bottom is in.
Successful breakout above the 0.1090 resistance level which has now flipped to a primary support zone.
Volume confirmation shows increasing buy-side pressure on the expansion candle out of the range.
RSI bullish divergence on the lower timeframes suggests momentum is finally rotating in favor of the bulls.
Will the current price action lead to a sustained trend reversal or is this just a liquidity sweep before another leg down?
Buy and Trade ENA TOKEN.
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