$ENA current price 0.305, very high open interests this morning, long positions 71.43%. ENA will unlock ~172 million tokens on 5th May, it will affect to price value.
I agreed this current price is good to buy, but it will be down further. While dropping, many traders will buy long for sure and trigger long liqidation. I don't recommend to sell short at lower price unless it is falling (but it's up to you)
Long setup
Entry: 0.284 - 0.294
Target: 0.32 - 0.35 - 0.38
Leverage: <= x10
SL: 0.25