๐Ÿ“‰ ENA/USDT โ€“ Short Setup: Reversal After Parabolic Spike

โฐ 4-Hour Chart โ€“ Bearish Candle Structure

๐Ÿ“ Current Price: $0.3232

๐Ÿ”ป Sell Zone: $0.328 โ€“ $0.335

(Bearish rejection near local top with decreasing volume and multiple upper wicks)

๐ŸŽฏ Targets:

TP1: $0.323

TP2: $0.311

TP3: $0.272

๐Ÿ›‘ Stop Loss: $0.348

๐Ÿ“Œ 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.

๐Ÿ”” Confirmation Tip: A breakdown below $0.320 with increasing red volume will confirm further downside pressure.