$ENA Analysis: Fading the Weakness 🔻
$ENA is squeezing into heavy resistance, but the price action lacks "impulse." We are seeing highs being sold into rather than expanding cleanly. This suggests a reversal is brewing as buying pressure evaporates.
Strategy: SHORT
Entry: $0.116 - $0.120
SL: $0.126
TPs: $0.107 / $0.098 / $0.088
The path of least resistance is currently down. Watch for the rejection at supply. 📉
Trade here👇
$ENA is squeezing into heavy resistance, but the price action lacks "impulse." We are seeing highs being sold into rather than expanding cleanly. This suggests a reversal is brewing as buying pressure evaporates.
Strategy: SHORT
Entry: $0.116 - $0.120
SL: $0.126
TPs: $0.107 / $0.098 / $0.088
The path of least resistance is currently down. Watch for the rejection at supply. 📉
Trade here👇