$ENA Dumps 7% – Is This a Bottom Signal or More Pain Ahead?

Body:

$ENA just printed a red candle you can’t ignore.

Down -7.68% on the day, trading at $0.3692, and brushing against its 24h low of $0.3645, ENA is firmly in bear territory. But is there a silver lining?

Let’s break it down:

Massive Sell Pressure: 69.68% of the order book is red.

Multi-day Downtrend: ENA has dropped nearly 18% in a week, with a brutal -57.5% YTD decline.

Support Watch: $0.3645 is the local floor — a breakdown here could take us to $0.34 territory.

Potential Play:

Bias: Bearish

Entry (Short): Below $0.364

TP Zones: $0.345 / $0.320

SL: Above $0.376

If you’re bullish: Wait for a confirmed close above $0.377, where structure begins to shift. Until then, it’s a falling knife.

⚠️ Disclaimer:

This is not financial advice. Always do your own research and manage your risk wisely.

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