📉 ENA/USDT – DeFi Token at Critical MA60 Pivot Amid Severe Downtrend
Spot Trading | Binance
📊 Current Stats:
Price: $0.1751 (+1.33% today)
24h High/Low: 0.1841 / 0.1719
24h Volume (USDT): 24.74M
MA60: $0.1748 (Immediate Pivot)
Category: DeFi
📈 Technical Context:
Price is testing MA60 precisely – a break above or below will set the near-term tone.
Volume is below MA(5) & MA(10), showing weak momentum despite today’s slight gain.
Extreme long-term bearishness across all timeframes (7D: -26.64%, 1Y: -81.60%).
🎯 Trading Setup (Two-Scenario Approach):
Scenario 1 – Breakout Long (if MA60 holds as support)
Entry: Above 0.1760 (confirmed strength)
TP1: 0.1800
TP2: 0.1840
TP3: 0.1880
SL: 0.1720
Scenario 2 – Rejection Short (if MA60 fails as support)
Entry: Below 0.1740 (break of MA60)
TP1: 0.1710
TP2: 0.1680
TP3: 0.1650
SL: 0.1765
⚠️ Risk Note:
DeFi tokens can be volatile, but long-term trends are strongly negative.
Low current volume suggests indecision – wait for confirmation with increasing volume.
Not financial advice. Use strict stop losses and trade with caution.