Trade Alert: Short Opportunity on $ENA USDT!💯🔥
Setup Overview: ENAUSDT is in a strong downtrend within a well-defined descending price channel. Momentum indicates further downside potential.
Entry:
Sell near $1.0800, as price approaches the upper boundary of the channel.
Take Profit (TP):
• TP1: $1.0500 (first support zone).
• TP2: $1.0200 (next key level of interest).
Stop Loss (SL):
Place at $1.1000 to limit risk above recent highs.
Risk Management:
Consider risking no more than 2% of your portfolio. Adjust position size accordingly.
Technical Analysis:
Watch for sustained bearish momentum, with confirmation from volume spikes and rejection at resistance lines.
Caution: If price breaks above $1.1000, reassess for a potential trend reversal.
Short-Term Outlook:
Continue monitoring lower timeframes for a potential break of support near $1.0600.