🚨 Technical Analysis for Stock $ENA - Sell Opportunity
Stock $ENA has moved into the supply zone between 0.7300 and 0.7500, where sellers have previously dominated. Momentum on the four-hour chart is slowing down, as the Relative Strength Index shows overbought conditions and a rejection wick is forming, indicating the potential for downward pressure.
If Stock $ENA fails to break the level of 0.7600, a correction towards lower support levels is likely to occur.
---
📉 Short Setup
Entry Zone: 0.7300 - 0.7500
First Profit Target: 0.7050
Second Profit Target: 0.6800
Third Profit Target: 0.6500
Stop Loss: 0.7600
---
💡 Note: Breaking the level of 0.7600 and closing above it will invalidate this short setup and open the door for continued upward movement towards 0.8000.
#HEMIBinanceTGE #FamilyOfficeCrypto #BNBATH880 #CryptoRally #AKEBinanceTGE