📉 ENA/USDT – Trade Setup Alert: Rejection at Local High 🚨

Current Price: ~$0.583 (range $0.58–$0.59)

* ⛔️Rejected at 0.6112 resistance — price formed a double top near its intraday high

* ⛔️Bearish momentum: 15m chart shows strong red candles and an RSI turning lower

*⛔️ Immediate support stands at 0.5800 — if broken, downside continuation likely

💼 Trade Setup: Short Position

* ❇️Entry Range: $0.5830–$0.5900

* Target Levels:

* 🎯 T1: $0.5700

* 🎯 T2: $0.5560

* 🎯 T3: $0.5420

* 🚨Stop Loss: $0.5980 (just above recent swing high)

* Confirmation Tip: Wait for a 15m candle close below 0.5800 before entry

💡 Why This Setup Matters

* Structural Weakness: Failure to break resistance shows supply exhaustion at highs

* Tight Risk Management: Use volatility-based sizing due to high volume and DeFi token behavior

* Clear Risk‑Reward Ratio: Targets offer ~2:1 or better, minimizing downside risk

🚨If ENA fails to hold $0.5800, sellers may dominate near-term—making $0.5700 and potentially $0.5560 viable exits. Keep entries disciplined and size smartly. Trade confirmed breakdowns for high-conviction shorts.

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