$ENA Evisceration Eco: Short the Rejection
Rally
$ENA bled -6.79% in eco sales, simulating a bounce from $0.51 only to fall below the resistance of $0.60 in the 1H. Do the bearish pincers and the explosion of volume at the bottom carve the bullish trend of the gravestone? Buried.
Trade Setup (SHORT)
• Entry Zone: $0.561 – $0.560
• Stop Loss: Above $0.563
• TP1: $0.558
• TP2: $0.555
• TP3: $0.550 (extended target)
Market Outlook:
110M USDT of selling volume floods the tape, MA(10) in strong decline. Rejects $0.562, and $ENA falls freely to $0.54, the hourly bar will expose the false breakout trap.
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