$ENA Rally Loses Steam! Short Opportunity Emerges Below $0.3367ā
$ENA surged from the 24h low of $0.3220 to a high of $0.3509 but has since reversed sharply, down -7.25%. Price is now testing critical support at $0.3239, with sellers dominating as momentum wanes. A breakdown below $0.3220 could trigger accelerated selling!
š SHORT TRADE SETUP:
Entry Zone: $0.3270 ā $0.3340 (on failed retests of lower highs)
TP1: $0.3100 (psychological support)
TP2: $0.2920 (next liquidity zone)
TP3: $0.2740 (alignment with prior swing low)
Stop-Loss: Above $0.3450 (above 24h high + resistance)
š MARKET INSIGHT:
The rejection from $0.3509 highlights weakening buyers. The descending price ladder (15m to 1D) confirms bearish structure. Volume signals divergence: high ENA sell-side volume (134.02M) vs. USDT bids (44.67M) suggests capitulation risk. A close below $0.3220 could ignite panic toward $0.29. Monitor RSI for oversold traps!