$ENA /USDT BEARISH BREAKDOWN – LIQUIDITY DRYING AS SUPPORT LEVELS ARE THREATENED!
$ENA is trading at $0.3179, down -6.61% on the day, as price slips below key intraday levels. After a failed attempt to hold above the $0.3500 resistance, ENA has now lost bullish structure and is testing the $0.3113 support zone. With both price and momentum weakening, the risk of a deeper dump is growing unless bulls step in aggressively.
Trade Setup (SHORT):
Entry Price: $0.3190 – $0.3280
Target 1: $0.3050
Target 2: $0.2880
Stop Loss: $0.3360
Why Short?
Price action has printed clear lower highs, and every bounce is getting sold into. Volume remains high on red candles (76.96M USDT), showing that sellers are still dominating. A confirmed break below $0.3113 could open doors to accelerated downside momentum.
Risk Management Tip:
Watch for fakeouts near support — only enter on strong rejection candles or breakdown confirmation. Keep your SL tight to avoid unnecessary drawdown.
Sell smart — don’t chase green candles when the trend is turning red!
