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ENA/USDT - 15 Minute Chart Analysis and Short-term Trading Idea

Possible Entry Point:

There may be a buying opportunity around the current price ($0.3900), or you can wait for a rebound confirmation from the support level of $0.3889. If a small green candle forms after consecutive red candles, it could be a sign of buyers' interest.

Possible Exit Point (Target):

The very short-term target could be set between $0.3980 and $0.4020, which is the local low level before the previous decline. This is an attempt to take advantage of a minor upward retracement.

Stop-Loss:

Since the risk is high, a tight stop-loss is necessary. It can be set just below the 24-hour low, for example, at $0.3870. If the price goes below this level, the downward trend may accelerate further.