$ENA /USDT BEARISH ANALYSIS ā SHORT SETUP IN PLAY š»š
ENA is currently trading at $0.2928 (-6.21%), showing strong bearish momentum after a rejection from the $0.3162 high. The downtrend remains intact with lower highs and lower lows forming on the chart.
š KEY LEVELS:
š¹ Resistance:
⢠$0.3000 ā Minor resistance
⢠$0.3100 ā Strong supply zone
⢠$0.3160 ā Recent swing high
š¹ Support:
⢠$0.2850 ā Immediate support
⢠$0.2750 ā Next demand zone
⢠$0.2600 ā Major support from historical lows
šÆ TRADE SETUP (SHORT):
š„ Entry: $0.2930 ā $0.2950
šÆ Targets:
⢠TP1: $0.2850
⢠TP2: $0.2750
⢠TP3: $0.2600
š”ļø Stop Loss: $0.3050 (above local resistance)
š Trend: Bearish
š Timeframe: 4H / 1D
ā ļø RISK MANAGEMENT:
Use proper position sizing. Risk 1-2% max of capital per trade. Set SL and stick to your plan to avoid emotional trading. š§ š¼
š» Stay sharp, the bears are in control! š»
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