📣 Yo legends!
ENA got jacked on steroids lately, exploding in TVL and open interest like it’s headed to $10. But RSI at 82? Declining OI? That’s not strength, that’s a leverage hangover waiting to happen. Time to fade the party. 🥴
🔥 TRADE SETUP
Bias: Short
Strategy: Overbought + Reversal Signal
Entry: $0.63 – $0.66
SL: $0.71
TPs: $0.5446, $0.50, $0.42
Why?
– RSI 82 on daily = overheated
– Open interest dropping fast after topping $1.35B
– Funding collapsing → longs unwinding
– HTF sweep + LTF CHoCH confirmed.
Candle Craft | Signal. Structure. Execution.
ENA got jacked on steroids lately, exploding in TVL and open interest like it’s headed to $10. But RSI at 82? Declining OI? That’s not strength, that’s a leverage hangover waiting to happen. Time to fade the party. 🥴
🔥 TRADE SETUP
Bias: Short
Strategy: Overbought + Reversal Signal
Entry: $0.63 – $0.66
SL: $0.71
TPs: $0.5446, $0.50, $0.42
Why?
– RSI 82 on daily = overheated
– Open interest dropping fast after topping $1.35B
– Funding collapsing → longs unwinding
– HTF sweep + LTF CHoCH confirmed.
Candle Craft | Signal. Structure. Execution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.