The weekend itch for trading is here, shorting ENA with a light position on the left side.
ENA also tends to follow an independent trend, and compared to those poor altcoins that follow the major market, ENA's liquidity is quite good.
After breaking the upward trend line earlier, the second upward movement touched near the trend line before starting to decline, and the third segment was also resisted at 0.683 and couldn't move up. It's clear that this is a small-level resistance.
Shorting near the 0.683 resistance is a very basic left-side logic; if there's a clear breakout of the defense level, then stop loss. For now, the lower target is around 0.625, which also has a 1:4 risk-reward ratio.
ENAUSDT
Perp
0.2358
-4.02%