$ENA ENA/USDT has broken below the ascending channel and the resistance zone that has turned into support near 0.6180. The price is currently trading at 0.6056, showing weakness after a failed breakout attempt. The structure indicates potential declines ahead.

Trade Setup:

Type: Short

Entry Zone: 0.6050 – 0.6100

Stop Loss: 0.6400

Take Profit:

• TP1: 0.5800

• TP2: 0.5580

• TP3: 0.5388

Technical Insights:

The chart shows a clean descending wedge with a rejection retest. The price is now trading below the breakout zone, and further selling pressure could accelerate the decline. The bearish pattern remains valid as long as the price stays below 0.6200.