⚡ ENA/USDT Trade Signal ⚡
🔴 Position: Short (Higher Probability)
🔅 Entry Zone: $0.4250 - $0.4350
📊 Average Entry: $0.4300
❌ Stop Loss: $0.4500 (-4.65%) | 35%
🎯 Target Levels:
1️⃣ $0.4100 (+4.65%) | 90%
2️⃣ $0.3950 (+8.14%) | 85%
3️⃣ $0.3800 (+11.63%) | 80%
4️⃣ $0.3650 (+15.12%) | 75%
5️⃣ $0.3500 (+18.60%) | 70%
📌 Trade Setup & Analysis:
✔️ Price in a downtrend, consistently making lower highs and lower lows
✔️ EMA(7) below EMA(25), indicating bearish momentum
✔️ MACD below zero, confirming ongoing bearish trend
✔️ RSI at 31.2, approaching oversold but with room for further downside
✔️ Stochastic RSI at 0.0000, suggesting extreme oversold conditions; potential for a small bounce before continuation
📌 Key Risks & Considerations:
⚠️ If price breaks above $0.4400, bearish outlook weakens
⚠️ Unexpected market news could lead to rapid price reversal
⚠️ Oversold conditions may cause short-term volatility
⚠️ Strong support at $0.4100 may lead to temporary consolidation
🔸 THIS IS MY ANALYSIS 🔸
📌 Please do your own research, and if it aligns with your strategy, then consider taking the trade.
⚠️ Disclaimer:
This setup is for informational purposes only and not financial advice. Cryptocurrency trading involves significant risk. Do your own research and consult a financial professional before making any investment decisions.
#SaylorBTCPurchase #EthereumRollbackDebate #ETHPriceWatch #BybitSecurityBreach
