$ENA /USDT Analysis – Breakdown in Progress or Buy Zone Forming❌

💸 Current Price: $0.3391

📉 24H Drop: -5.81%

🕒 Timeframes Analyzed: 1H & 4H

📊 Technical Breakdown📊

📌 1H Chart Highlights:📊

$ENA Price is trading below both EMA 20 & EMA 50 after a bearish crossover – strong short-term downtrend signal.

Candles forming lower highs & lower lows, with no bullish candle confirmation.

MACD: Deep in bearish territory; histogram showing prolonged negative momentum.

RSI 34.74: Approaching oversold zone, but no bounce confirmed.

📌 4H Chart Confirmation:📊

$ENA Price broke below EMA 20; next key support sits around $0.3273–0.3169.

MACD is still above zero but sloping downward with red bars increasing.

RSI 48.68: Still in neutral zone but trending toward bearish momentum.

🎯 Trade Strategy (Next 12–24H)

🔻 Trend Bias: Bearish

🔸 Short Entry Zone: $0.339–0.342

🔸 Target-1: $0.327 (EMA 50 on 4H)

🔸 Target-2: $0.316 (demand zone)

🔸 Stoploss: $0.346 (above EMA 20 & recent top wick)

🧠 Alternative Bullish Setup: Only re-entry on a 1H bullish engulfing candle above 0.346 with strong volume.

⚠️ Key Takeaways:👨‍🏫

❌ Bearish crossover on 1H

📉 Weak MACD & RSI near oversold

🔻 Market trending downward unless bulls defend $0.327

💬 “Don’t try to catch a falling knife — wait for the floor to form.”

📢 This is not financial advice. Always DYOR (Do Your Own Research) before investing or trading.

#ENA #MarketRebound #BinanceAlphaAlert #TrumpTariffs #CryptoRoundTableRemarks