$ENA

ENAUSDT

Perp

0.2214

-6.58%

observed a sharp decline from its previous consolidation range, confirming a bearish shift in the structure on a lower timeframe.................

Strong impulsive selling, followed by weak consolidation below the breakout zone, suggests that sellers remain in control..................

With current support now acting as resistance, a continuation of the decline to the next liquidity pocket remains the more likely move as long as the price stays below this level.............

Trading setup

Entry: 0.223 – 0.232

Target 1: 0.215

Target 2: 0.210

Target 3: 0.205

Stop-loss: 0.243