Tactical Sell Deal... Take advantage of the bounces before the next drop!
📊 Reliable real-time data
Current price: around $0.639.
Range over 24 hours: $0.6326 – $0.6937.
Market cap: approximately $4.23B.
24-hour trading volume: around $625M.
Circulating supply: ~6.62B ENA (max 15B).
Reference spot price on the platform: ENA/USDT pair (Binance).
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🎯 Short-term Sell Strategy (Short)
Trade idea: The current trend is bearish, and bounces to nearby resistance areas may provide entry opportunities for better risk/reward.
Preferred Sell Entry Area:
$0.652 – $0.665 (Sell on bounce towards short resistance).
Profit-taking Targets:
TP1: $0.633 – $0.636 (Re-test of the 24-hour low).
TP2: $0.618 – $0.620 (Psychological liquidity area before $0.60).
Stop Loss (SL):
Above $0.695 (Clear breakout of today's resistance).
Trade Management:
Gradual entry of 50% at $0.655 + 50% at $0.662 (if it reaches it).
After achieving TP1, move the stop to the entry point and secure profit.
> Alternative execution: If there is no bounce, watch for a break of $0.632 with high volume for a Breakdown trade, with a quick SL above $0.640 and a quick target towards $0.620.
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