⛔✋Binance Square Post: ENAUSDT - Potential Short Opportunity? 📉
Chart Analysis:
Potential Trade Setup (Short):
Consider a Sell Limit order near the 7-period MA for a potential entry as resistance.
1️⃣ Open Order: Sell Limit at 0.3980
2️⃣ Take Profit: 0.3900
3️⃣ Stop Loss: 0.4110
Looking at the ENAUSDT perpetual contract on the 15-minute timeframe, the price is currently trading around 0.3961. We observe that the price is below the 7-period Moving Average (MA at 0.3981), the 25-period Moving Average (MA at 0.4105), and the 99-period Moving Average (MA at 0.4246), which could indicate continued bearish momentum.
Disclaimer: This is not financial advice. Trading involves risk, and you can lose money. Conduct your own research before making any trading decisions.
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