$ENA / USDT – ATTEMPTING A BASE AFTER DUMP 📉➡️📊
$ENA has bounced from a local low of $0.2783, now consolidating just under $0.30 on the 4H timeframe. The recent downtrend saw sharp rejection from the 0.3780 zone, but current candles show reduced sell volume and signs of bottoming.
🔹 MA Support: Price is hovering just above the 7MA ($0.2959), showing early signs of a short-term reversal. 🔹 Bear Trend Weakening: Candles have tightened post-selloff, suggesting sellers may be losing strength.
---
Trade Setup
Entry: $0.2970 – $0.2990 (on confirmed support hold)
Target 1: $0.3170
Target 2: $0.3390
Stop-loss: $0.2850
---
A clean break and close above $0.3018 (24H high) could trigger a stronger bullish reversal. Caution advised until full confirmation.