🚨 $ENA /USDT – Breakdown Below Key Support! Is a Bounce Coming or More Bleed?
🔹 Trade Setup:
- Pair: ENA/USDT
- Direction: Short-term bearish bias
- Entry Zone: $0.4550–$0.4600
- Target 1: $0.4420
- Target 2: $0.4310
- Stop Loss: $0.4675
- Risk/Reward: ~1:2.5
- Leverage: 3–5x (adjust based on volatility)
📊 Technical Summary:
- ENA has dropped -7.55% in the last 24h, breaking below the $0.4600 support zone.
- Price is hovering near the intraday low of $0.4511, with weak bullish reaction so far.
- MA(5), MA(10), and MA(30) are all sloping downward, confirming short-term bearish momentum.
- Volume spike suggests panic selling, but no strong reversal signal yet.
- If $0.4510 breaks cleanly, expect continuation toward $0.4310 zone.
- A reclaim above $0.4675 would invalidate the setup and hint at short-term recovery.
📌 Strategy Notes:
- Ideal for scalpers and short-term swing traders.
- Watch for volume divergence or bullish engulfing candle near $0.4420 for potential bounce play.
- Avoid overleveraging—volatility is high post-breakdown.