Short Trade Setup: $ENA ($Ethena) ⚡

$​ENAusdt | Perp Current Price: 0.1075

Trend: -0.85% (24h)

​Trade Parameters

​Entry Zone: 0.1085 – 0.1110

​Stop Loss: 0.1155

​Take Profit Targets:

​TP1: 0.1040

​TP2: 0.1000

​TP3: 0.0950

​TP4: 0.0900

​Setup Overview

​$ENA is currently showing significant structural weakness as it fails to break above the 0.1120 resistance level. Bearish sentiment is dominating technical indicators (RSI and MACD), with the price trading below key short-term moving averages. Additionally, the upcoming token unlock on May 2nd is creating localized sell pressure. This short targets a retest of the major psychological support at 0.1000, with further downside possible if the broader market remains neutral to bearish.

​Risk Note: Maintain strict risk management. A daily close above 0.1150 invalidates this bearish thesis. Scale out profits at each target to secure gains.