Professional Short Trade Signal for $ENA /USDT!š„šÆ
Market Overview:
Current price is $1.0472, with a 24-hour low of $1.0138 and high of $1.1125. Recent 30m candlesticks indicate potential bearish momentum with slight recovery attempts.
Trade Setup:
ā¢ Entry: $1.0450 (below current price to confirm bearish momentum).
ā¢ Stop Loss (SL): $1.0700 (above nearest resistance zone).
ā¢ Take Profit (TP):
ā¢ TP1: $1.0300
ā¢ TP2: $1.0150
ā¢ TP3: $1.0000
Risk/Reward:
Set to achieve a favorable risk-to-reward ratio of at least 1:2 or better. Adjust position size accordingly to limit risk to no more than 2% of your portfolio.
Indicators for Confirmation:
ā¢ RSI breaking below 50 (indicating bearish strength).
ā¢ MACD crossover showing further downside momentum.
Trade Management:
ā¢ Move Stop Loss to breakeven after reaching TP1 for risk-free profit.
ā¢ Monitor volume for confirmation of continued bearish strength.
Stay disciplined and stick to the plan!