Here’s a technical analysis post for a short trade on this chart:

$ENA

ENA
ENAUSDT
0.3324
+4.75%

/USDC BEARISH SETUP – SHORT TRADE

$ENA/USDC shows strong bearish momentum after failing to hold above resistance at 0.7147. Current price 0.6988 is below the Parabolic SAR (0.6956), signaling potential continuation of the downtrend.

Resistance Levels: 0.7147 | 0.7096

Support Levels: 0.6965 | 0.6904

Trend: Downtrend confirmed on 15m and 1h charts

Volume: 35.29M USDC, supporting selling pressure

Trade Plan: Enter short near current levels with target 0.6965–0.6904. Place stop-loss above 0.7147 to manage risk.#GoldHitsRecordHigh #BitcoinETFMajorInflows #BNBBreaksATH #BNBBreaksATH