$ENA Updated Short Entry Setup (Price ≈ $0.575–$0.580)
🔍 Entry Zone:
Short entry can be considered if price shows clear rejection or bearish signals around $0.580–$0.585 zone.
Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) on 5‑minute chart.
Confirm reversal momentum with indicators like:
RSI dropping below 60 from overbought,
MACD showing a bearish crossover or histogram reversal.
🛑 Stop-Loss:
Set stop-loss above the recent swing high: around $0.590.
🎯 Profit Targets (TP):
TP1: $0.565 (local support cluster)
TP2: $0.550 (stronger support level with confirmed bounce historically)