Jun. 7 at 9:00 PM
$ET – Energy Transfer LP
Option 1: Long (Core Value Reversion)
Entry: Buy near
$19.47 or scale in closer to value floor at
$19.28.
Target: Rotate back to POC
$19.59, with extension to VAH
$20.44 (~5% upside).
Stop-Loss: 4-hour candle close below
$19.28.
Option 2: Short (Structural Breakdown)
Entry: Short or buy puts if 4-hour closes below
$19.28.
Target:
$18.60–
$18.80 support shelves.
Stop-Loss: 4-hour close back above
$19.45.
Summary:
$ET is tightly coiled on the 4-hour chart, compressing between
$19.28–
$19.59. Neutral buy/sell pressure suggests an imminent expansion. Long option offers asymmetric reward with low risk; shift to short only if floor is decisively broken.
