📉$ENS
ENSUSDT
Perp
9.444
-2.20%
BEARISH SETUP: DOWNSIDE PRESSURE GAINS MOMENTUM
$ENS is showing a clear bearish bias after failing to hold above the 10.50 resistance zone. Price is forming lower highs and approaching critical support at 9.38. The current structure suggests sellers are in control, and a decisive break below this support could accelerate the downward move toward stronger support levels. Technical indicators confirm increasing selling momentum, pointing to a continuation of the bearish trend.
Entry: Short below 9.38 support level
Targets:
TP1: 9.00
TP2: 8.50
TP3: 8.00
Stop Loss: Above 10.50 resistance
Risk Management: Limit risk to 1-2% per trade; consider scaling out at each target to protect profits.