$ENA /USDT BEARISH CONSOLIDATION SIGNALS FURTHER DOWNSIDE – SHORT SETUP ACTIVE
$ENA /USDT is displaying a classic bearish consolidation pattern after a breakdown from the 0.5077 resistance level. The price is struggling to reclaim key moving averages, and multiple failed attempts to bounce suggest a continuation of the downward move. A descending structure with weakening volume confirms the sellers’ grip on the market.
Technical Outlook:
EMA trend lines sloping down, maintaining bearish alignment.
MACD shows a bearish crossover with momentum building below the zero line.
SAR dots persist above price action, favoring short positions.
BOLL Bands indicate squeeze-to-break pattern – likely to break lower.
Volume supports bears with 58.90% dominance on the ask side.
SHORT ENTRY: Below 0.4630
TP1: 0.4220
TP2: 0.3870
SL: 0.4900
Risk Management: Stick to a 1-2% risk per trade. Use stop loss diligently and manage position size according to account capital.
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