$ENA is showing strong bearish momentum after breaking down from the rising channel pattern. Sellers are clearly in control, and price action indicates a rejection from the upper resistance zone, signaling more downside ahead.

📉 Trade Setup – Short Entry:

Entry Zone (SHORT): On minor pullbacks towards resistance

Targets (TP):

1️⃣ $0.7200

2️⃣ $0.7100

3️⃣ $0.7050

Stop Loss (SL): Above $0.7500 resistance

💡 Technical Highlights:

Breakdown from a rising channel pattern ✅

Momentum shifting to the downside ✅

Clear seller dominance on chart ✅

Risk/reward favorable for short-term play ✅

⚡ Risk Management:

Limit exposure to 1–2% of your total portfolio per trade

Adjust stop-loss dynamically as the trade progresses

Avoid chasing entries; wait for minor pullbacks towards resistance

🔥 Key Notes:

Watch for momentum confirmation before entering

Tighten stops if price action shows a rebound near TP1

This is a high-probability short setup with multiple targets for scaling out profits

ENA

0.7396

+12.96%

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