ENS Order Placement Strategy Sharing (12.24)

1. Good evening everyone! First of all, I wish you all a Merry Christmas Eve. Remember to eat an apple; safety and peace are life's greatest blessings. After experiencing several days of decline and fluctuating markets, the US stock market closed with gains yesterday, leading to a slight rise in most cryptocurrencies. I boldly predict that there will be a rise for a few days around Christmas, followed by another pullback. Noticing that ENS broke the downtrend channel but faced resistance again, you can refer to the 4-hour chart for analysis. Initial support is at 31.68, followed by continuous fluctuations, with the lowest point around 33. It is possible that we are witnessing a second test. After the initial breakout of the downtrend channel, it should retest the bottom of the joc to confirm the upward trend formation. The KDJ indicator is about to close with three lines leveling off; the rebound is slightly weak, so I do not recommend chasing the market at this price. The MACD indicator shows that bullish momentum is not increasing, meaning there are fewer buyers or those taking profits on rebounds, which could lead to a slow price decline. From the liquidation map, there is a dense concentration of high-leverage long positions around 34, so we can consider placing our orders near 34!

2. For the entry point, consider going long around 33-34; you can also open a spot position with a target around 43. I will share the strategy for placing orders for Ethereum and Bitcoin shortly. If you want to reference this, you can wait a moment! $ENS