โ$ENA /USDT Analysis โ Massive Sell-Off Zone Triggered๐ค๐๐
Current observed Price: $0.2834
24H Drop: -18.68%
Chart Pattern: Clear Breakdown from Consolidation Range
Timeframe: 1H & 4H ๐
Trend Bias: Strong Bearish โ ๏ธ
๐ Whatโs Happening?๐ค๐งโ๐ซ
$ENA price has broken sharply below key support of $0.30.
20 & 50 MA cross confirms bearish momentum.
RSI is extremely oversold on 1H (17.10), showing intense sell pressure.
MACD on both 1H and 4H is deeply in red zone โ signaling extended bearish momentum.
Volume spike on red candle shows panic exit.
๐ Bearish Confirmation Zone
If $ENA sustains below $0.28, next target support sits around $0.26 โ $0.25
Short scalps possible with tight SL above $0.29.
๐ก Wait for minor relief rally before considering new entry. No reversal signs yet.
Only momentum traders should enter with stop-loss discipline.
Long-term holders: Avoid DCA here, wait for structure formation.
๐ง "Donโt try to catch a falling knife โ wait until it hits the floor and stops bouncing."
Patience builds better entries than fear.
๐ This is not financial advice. Market is volatile. Manage risk and trade wisely.
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