$ENA /USDT Trading Signal – Short Opportunity Amid Bearish Pressure 🔻
Current Price: $0.9249 (-5.64%)
Signal: Short Position
Entry Range: $0.9230 - $0.9300
Take Profit Levels:
🎯 TP1: $0.9100
🎯 TP2: $0.9034 (recent low)
🎯 TP3: $0.8900
Stop Loss: $0.9400
Technical Observations:
Bearish Trend: $ENA continues to trade below key moving averages (MA7 and MA25), indicating persistent downward pressure.
Resistance Zone: The MA25 at $0.9305 serves as a strong resistance level, confirming the short-entry setup.
Support Levels: Immediate support exists at $0.9034, with further downside potential if this level is breached.
Actionable Advice:
Initiate a short position within the specified range if $ENA maintains its bearish momentum. Secure profits by adjusting the stop-loss as the price moves closer to the take-profit levels.