$ENA Short setup ๐๐ฅ
Entry Zone: $0.0982 โ $0.1000
Stop Loss: $0.1038
Take Profit Targets:
๐ฏ TP1: $0.0960
๐ฏ TP2: $0.0935
๐ฏ TP3: $0.0910
Analysis:
$ENA is showing signs of rejection on the 4H timeframe after failing to hold its recent bullish push. Price tapped the upper resistance zone and quickly pulled back, which suggests sellers are defending the area strongly.
The chart is now losing short-term momentum, with price slipping back near the EMA(25) while still trading below the EMA(99), keeping the broader structure relatively weak. If bearish pressure continues, #ENA may extend its move downward toward $0.0960 first, followed by $0.0935 and potentially $0.0910.
As long as price remains below the local resistance area, the short setup stays valid. A breakout above $0.1038 would invalidate the bearish idea and could trigger another upside move.
๐ฏ Trade $ENA ๐
