ENA Surge Warning! FOMO sentiment is high, seize the shorting opportunity, beware of overbought pullback risks!
Current ENA price 0.3671, 24-hour increase 6.87%, but trading volume is weak (ratio 0.53), RSI 68.57 overbought, continuous capital outflow. Recommended to short, entry 0.3671, stop loss 0.375, target 0.35, risk-reward ratio 2.16. Risk: divergence between volume and price, liquidity gap causing flash crash, position ≤ 2%.
Technical Analysis
• Price Status: Bollinger Band position 80.9% (overbought, upper band 0.3756), MA200 deviation 13.6% (overvalued), holding cost deviation 11.5% (profit-taking pressure).
• Market Strength: Low trading volume, divergence between volume and price (rise without volume), open interest down 1.2% (capital outflow), smart money long-short ratio down (2.79→2.63, bearish), no major news impact.
• Key Levels: Support 0.35 (buy-side liquidity 427k USDT), 0.33 (Bollinger lower band), resistance 0.3756 (upper band), 0.38 (sell-side liquidity 204k USDT); buy-sell ratio 1.21 (more buy orders but pressure to buy), distant area sell orders piled up (0.4+ reaching 354k USDT), liquidity gap at 0.38-0.4.
Market Cycle Analysis
Currently in the mid-top area of a bull market, the upward trend is unsustainable, capital outflow suggests pullback risks.
Trading Strategy
• Entry: 0.3671 (aggressive entry at market price).
• Stop Loss: 0.375 (Bollinger upper band resistance).
• Target: 0.35 (key support area).
• Risk-Reward Ratio: 2.16 (Short formula calculation).
Risk Warning
• Market Risk: RSI overbought, net contract outflow 44m (24h), long-short ratio decrease.
• Invalid Conditions: Price breaks 0.375 or macro favorable surprises.
• Operational Note: Single transaction risk ≤ total capital 2%, avoid low liquidity periods (e.g., Asian early session).
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