$ENA /USDT – Analysis & Trade Setup
Market Analysis:
ENA is showing strong bearish momentum after a sharp -9.29% drop in the last 24 hours. The rejection from $0.8073 (24h high) confirms heavy selling pressure. Price is now consolidating near $0.72 after breaking the key $0.75 support zone, with the next significant support sitting around $0.68–$0.67. If bulls fail to reclaim $0.75, further downside is likely.
Short Setup
Entry: $0.73 – $0.74 (on weak bounce)
Target 1: $0.70
Target 2: $0.68
Stop Loss: $0.755
Bias: Bearish – sellers in control after support breakdown.
Long Setup (Speculative)
Entry: $0.68 – $0.69 (near strong support)
Target 1: $0.73
Target 2: $0.75
Stop Loss: $0.665
Bias: Bullish reversal only if support holds and volume picks up.
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