๐ ENA/USDT โ Short Setup: Reversal After Parabolic Spike
โฐ 4-Hour Chart โ Bearish Candle Structure
๐ Current Price: $0.3232
๐ป Sell Zone: $0.328 โ $0.335
(Bearish rejection near local top with decreasing volume and multiple upper wicks)
๐ฏ Targets:
TP1: $0.323
TP2: $0.311
TP3: $0.272
๐ Stop Loss: $0.348
๐ Setup Insight:
ENA printed a sharp parabolic rise, followed by rejection candles with long upper wicks and falling volume โ classic exhaustion behavior. The current bearish candles suggest profit-taking and a short-term correction. This setup targets the support from previous consolidation zones.
๐ Confirmation Tip: A breakdown below $0.320 with increasing red volume will confirm further downside pressure.