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ENSUSDT.P trade ideas

Alert! ENSUSDT on the Verge of a Major Bullish Breakout? Yello, Paradisers! Are we about to witness a significant bullish move in ENSUSDT? Let's dive in and find out. 💎ENSUSDT has formed an inverse head and shoulders pattern, which significantly increases the probability of a bullish move. By zooming in, we can see that both the higher time frame (HTF) and lower time frame (LTF) are showing a bullish market structure, adding weight to the bullish scenario. 💎For confirmation, we need a breakout and a candle closing above the resistance zone. However, be aware that this area contains external range liquidity (ERL), which means we need a proper bullish breakout or we must proceed with caution. 💎If the price pulls back, we can expect a bounce from the bullish order block (OB), which is also supported by an Inversion. We need an I-CHoCH (Internal Change of Character) here to capture the potential bounce. 💎However, if the candles close below the bullish OB, which is considered the low of the right shoulder, it will invalidate our entire idea and pattern. In this case, it is better to avoid trading and wait for proper price action to form for a clear signal. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Strong Bullish Structure for ENS! 💎💎 ENS is currently demonstrating a strong bullish market structure, with FVG (Fair Value Gap) above the Bullish Order Block (OB), indicating a higher probability of a bounce and subsequent bullish move. 💎If ENSUSDT breaks out of the resistance zone, it suggests that the price may establish a new higher high, with potential targets extending to the next resistant zone. In case of a pullback, we can anticipate a bounce from the Bullish OB. 💎However, if the price breaks down below the first Bullish OB, it would be wise to await better price action, especially considering that the second Bullish OB is already factored in, diminishing the likelihood of a bounce from that level. If the price breaks down below both the Bullish OB and the demand level, it would signal a bearish structure, and it would be advisable to wait for more favorable price action before considering any positions.
by MyCryptoParadise_Nathan