🛑$ENJ
BEARISH SETUP FORMING – EXPECTED DOWNSIDE MOVE
The chart shows price reacting strongly from a key resistance zone near the psychological level, indicating seller dominance. Market structure on the lower and mid timeframes is shifting bearish, with weakening bullish momentum and signs of distribution. Failure to hold above the immediate support zone increases the probability of a corrective move toward lower demand areas. The next move is expected to favor the downside as long as price remains below resistance.
Entry: Short positions near the 0.0295–0.0300 resistance zone
Targets:
TP1: 0.0280
TP2: 0.0270
TP3: 0.0267
Stop Loss: 0.0305
Risk Management: Risk only 1–2% per trade and secure partial profits at each target while adjusting stop loss to protect capital.