This short trade setup for $ENA /USDT (30m, mid-term) aims to capitalize on a price decline. Here's the breakdown:
📉 Current Price: 0.3595
✅ Entry Zone: 0.3557618 - 0.358853 → Ideal short entry range.
🎯 Targets:
1️⃣ 0.3532189
2️⃣ 0.3457188
3️⃣ 0.3382187
4️⃣ 0.3307186
🛑 Stop Loss: 0.3776839 → Protects against trend reversal.
⚡ Leverage: 10x Isolated → High risk, manage margin carefully.
Risk Management & Trading Strategy:
Confirmation: Wait for price rejection in the entry zone before entering.
Position Sizing: Avoid overexposure; manage risk per trade (max 1-2% of capital).
Bitcoin & Market Influence: Monitor BTC movement—alts often follow its trend.
Trailing Stop: Consider adjusting SL lower as targets hit to lock in profits.