$ENA

/USDT Technical Outlook – Short-Term Trade Opportunity

ENA is currently trading at $0.7451, slightly down 1.06%, but price action is holding above key support at $0.7075. The recent rejection from $0.7693 suggests sellers are active near resistance, while strong buying interest is seen around the $0.7075 – $0.6727 zone. Trading volume remains high at 449.86M ENA, showing that both buyers and sellers are competing aggressively, which could lead to a sharp move soon.

Short Trade Setup:

If ENA breaks and closes below $0.7075, a quick drop toward $0.6727 and possibly $0.6430 could follow, making it a potential short opportunity for futures traders with tight risk management. Stop-loss can be placed above $0.7693 to avoid sudden reversals. On the flip side, if price reclaims $0.7693 with strong volume, short positions should be avoided as bulls may target $0.7773 next.