BuCKaRo0

Once again, the 1-5 wave count confirms the current structure. A bounce is likely soon, and it could be in the range of 30–40%.Because of this potential, you might consider a small position with low leverage and a tight stop.Trade carefully, and stick to your plan.

This is a very short-term trade setup, but keep in mind that TradingView isn’t favorable toward analyses below the 1-hour timeframe.It appears that the 1-5 impulse wave has completed, and a pullback is likely to begin soon.Traders should be cautious and look for confirmation before entering. 📉🔍

The wave's beginning and structure are not impulsive, indicating a potential correction. I expect a pullback to at least 82.5K.If the price finds support at 82.5K and attempts another move up, but fails, then 82K is likely to break. Watch for price action confirmation. 📉🔍

(Preliminary Analysis – No Clear Confirmation Yet)The only factor supporting the diagonal possibility is that the rise marked in red is not an impulsive wave, which could indicate a classic ending diagonal formation.However, the starting point of the third wave of the diagonal remains uncertain. It could start from the current level or after a drop to around 60K before initiating an upward move.As stated in the title, this analysis lacks strong confirmations and should be viewed as an early observation. 🔍📉📈

ENS is likely approaching the end of either an ABC correction or a 1-5 wave structure. A minimum 3% retracement can be expected as a reaction. If the wave count is accurate, this could present a relatively straightforward trade opportunity. Watching price action for confirmation will be key! 📉📈However, do not enter a trade without a confirmed trend breakout! Those who trade without stop-losses are the ones who lose. Risk management is key! ⚠️📉📈