$ENA /USDT Short Trade Alert – Double Top Breakdown Underway!

Ethena (ENA) has exhibited a notable intraday movement but failed to maintain levels above the $0.3489 high, forming a double top pattern on the 15-minute chart. The price is currently declining to $0.3365, indicating a clear rejection and the formation of a lower high structure, suggesting building bearish momentum.

Trade Setup (Short):

Entry: $0.3380 – $0.3440

Target 1: $0.3260

Target 2: $0.3120

Stop Loss: $0.3495

Why Consider a Short Position?

After initial gains, ENA is showing signs of weakness as each upward movement is met with selling pressure. The rejection at $0.3489 marks a key resistance level. If the price continues to drop below $0.3340, it could trigger a rapid decline toward $0.3100.

Risk Management Tip:

Adhere strictly to your stop-loss and consider using a trailing stop as the price moves toward your targets. Avoid greed; manage your risk with discipline.

Don't miss this potential breakout—enter strategically and aim for profitable exits! Capitalize on the momentum before it dissipates—profits favor the prepared!