$ENA /USDT BEARISH PRESSURE BUILDING 📉 | BREAKDOWN LIKELY AHEAD!
📊 Current Price: $0.5589 (-4.25%)
📉 Trend: Bearish – Trading Below Key Moving Averages
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🔍 TECHNICAL ANALYSIS:
ENA is currently trading below all major moving averages (MA7, MA25, MA99), indicating strong downside momentum. The rejection from the MA(99) at $0.6471 and consistent lower highs signal further weakness. Price is hovering just above a critical support zone near $0.5550 – a breakdown below could accelerate the fall.
📌 Key Levels:
🟢 Support: $0.5550 / $0.5200
🔴 Resistance: $0.5790 (MA7) / $0.6040 / $0.6470 (MA99)
Volume shows declining interest on bounces, further confirming bears are in control.
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🎯 TRADE SETUP – SHORT IDEA
💼 Entry: $0.5580 – $0.5650 (on rejection or breakdown retest)
🎯 Targets:
TP1: $0.5200
TP2: $0.4880
TP3: $0.4550
🛑 Stop Loss: $0.5800 (above MA7 & resistance zone)
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🛡️ RISK MANAGEMENT
⚠️ Risk 1–2% of capital per trade only.
📏 Use tight SL to avoid fakeouts.
📉 Maintain Risk:Reward of at least 1:2.
💀 ENA looks weak – don’t fight the trend, ride it smart!