$ENA UNDER PRESSURE AFTER -9% DROP – DEAD CAT BOUNCE OR SHORT-TERM BASE?
$ENA is currently trading at $0.3106, showing signs of stabilization after a sharp sell-off that pushed price down near $0.302. Although volume has picked up slightly, bulls need to defend key levels to prevent further losses.
Key Levels to Watch
• Resistance Zones:
$0.3135 – First upside hurdle from current range
$0.3180 – Recovery target from last sell-off
$0.3220 – Major resistance before trend reversal
• Support Zones:
$0.3080 – Immediate support to monitor
$0.3020 – 24h low and key liquidity zone
Trade Setup – Bounce Attempt Facing Resistance
• Bullish Scenario: A breakout above $0.3135 could lead to:
TP1: $0.3180
TP2: $0.3220
• Bearish Scenario: A break below $0.3080 may extend downside toward:
TP1: $0.3020
TP2: $0.2980
Stop-Loss Strategy:
• Longs: Below $0.3075
• Shorts: Above $0.3145