$ENA /USDT – Bearish Momentum Building 📉🔥
ENA has extended its downtrend after failing to hold above the 0.7400 zone, where sellers stepped in aggressively. The price has now slipped to 0.6902, with an intraday low at 0.6857, showing strong selling pressure on the 30M chart. Multiple red candles confirm that bears are in control, while attempts to recover have been short-lived and weak.
🔹 Support & Resistance Levels
Immediate Resistance: 0.7070 – 0.7180 (zone of recent rejection)
Major Resistance: 0.7400 – 0.7460
Immediate Support: 0.6850 – 0.6820
A breakdown below 0.6850 could drag price further toward 0.6700 – 0.6650
📊 Short Trade Setup
Entry Zone: 0.6900 – 0.7000
🎯 TP1: 0.6800
🎯 TP2: 0.6700
🎯 TP3: 0.6650
⛔ Stop Loss: 0.7150
💡 Entry Strategy: The best approach is to short on small recoveries into the 0.7000 – 0.7070 range, with rejection confirmation. A candle close below 0.6850 on volume would signal continuation of the bearish trend.
As long as ENA remains below 0.7070, momentum favors sellers, and breakdown opportunities remain valid.
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