Is ENAUSDT About to Skyrocket or Fake You Out?

11 Eki

Yello Paradisers ! Is #ENAUSDT finally ready to reverse its trend, or is this just a trap for unsuspecting traders? Let's dive into what we see in the charts and break down the key zones for you!

💎#ENAUSDT has been in a clear downtrend for several days, forming lower lows and lower highs on the lower time frames. It has been consistently trading within a descending resistance trendline, but there’s a critical shift: a breakout and retest of this trendline have recently taken place, along with a liquidity sweep that perfectly tapped into a major demand zone.

💎Now, the pair has managed to reclaim a previous support zone and is holding just above it. This change in behavior signals a potential bottoming formation, especially as we see the RSI showing signs of exhaustion. On top of that, a bullish divergence is building up, adding more weight to the case for a probable reversal.

💎The pair now has probability upside move towards the resistance zone at 0.3121, and if accumulation continues with strong buying volume, we could see a push towards the next resistances at 0.3388 and 0.3740. Keep a close watch on how it behaves around these levels, as they could define the next trend move.

💎However, don’t let your guard down! The trend setup will be invalidated if we see a 4-hour candle closing below the demand zone at 0.2563. Such a move would suggest that sellers are still in control, and this potential reversal could turn into a bear trap.

Stay sharp, Paradisers! Will this be a breakout or a fake-out? Only time—and disciplined trading—will tell!

MyCryptoParadise
iFeel the success🌴

11 Eki

Not

BOOM ! Just like clockwork, #ENAUSDT is tracing our forecast, hitting that sweet 13.27% growth mark in no time.