$ENA /USDT Short Trade Signal
Current Price: $0.8688
Trade Setup:
This setup identifies a potential bearish move for $ENA/USDT as price approaches key resistance levels, signaling a possible retracement.
Key Levels to Watch:
Resistance: $0.8900
Support: $0.8500 and $0.8200
Short Trade Plan:
1. Entry Point: Below $0.8600
2. Target 1: $0.8500
3. Target 2: $0.8200
4. Stop Loss: Above $0.8800
Market Analysis:
The price action suggests weakness near the $0.8700-$0.8900 resistance zone, which could trigger a downward correction if the selling pressure increases. However, a break and hold above $0.8900 would invalidate the short setup.
Risk Management:
Keep position sizing small, and adhere to the stop-loss level to minimize risk in case of unexpected price reversals.
Recommendation:
Monitor the price for a breakdown below $0.8600 to confirm the bearish move. Act quickly and adjust stops to secure profits once the price approaches the first target level.
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