$ENA /USDT BEARISH CONTINUATION LIKELY – WEAK TREND WITH ONLY A RELIEF BOUNCE
/USDT is currently trading near 0.170, showing a short-term bounce but still trapped inside a strong higher-timeframe downtrend. Price remains far below major resistance zones, and long-term performance (−79% yearly) confirms sustained selling pressure. The recent upside looks corrective rather than a trend reversal, suggesting bears may regain control after this minor recovery.
TRADE SETUP (SHORT – PREFERRED)
Entry Zone: 0.175 – 0.180
Stop Loss (SL): 0.192
Targets (TP):
TP1: 0.160
TP2: 0.148
TP3: 0.132
Bias remains bearish unless price reclaims and holds above 0.190–0.200 with strong volume.
ALTERNATIVE (AGGRESSIVE LONG – COUNTER TREND)
Entry: Near 0.160 support
SL: 0.148
TP: 0.180 – 0.190
(High risk, short-term scalp only)
MARKET OUTLOOK
ENA is still under distribution and lower-high structure on higher timeframes. Until a clear breakout above key resistance occurs, rallies are likely to be sold. Expect volatility with downside continuation in the coming sessions.