$ENA USDT 4H – Grinding Lower, Short On Bounces
🔻 Short Entry Zone: 0.2165 – 0.2225
🎯 Target 1: 0.2080 – 0.2100
🎯 Target 2: 0.1980 – 0.2010
🎯 Aggressive Target 3: 0.1870 – 0.1900
🛡️ Stop Loss: 0.2295 – 0.2330
$ENA USDT is trading around 0.2139 after a steady drop from the 0.2793 area and a recent 4‑hour low near 0.2108, with price trending below the 7‑, 25‑ and 99‑EMA on this timeframe while external data shows Ethena sitting close to the 0.21 support zone and broadly described as bearish despite range‑trading attempts. As long as candles stay capped under 0.2295–0.2330, rallies back into 0.2165–0.2225 can be viewed as corrective bounces inside the downtrend toward the listed downside targets, but because 0.21 is a key reaction level that has triggered reversals before, short positions should be sized carefully and actively managed.