#SHORT📉 $ENA SIGNAL: SHORT🔴
1. Overall Trend:
The price is in a downtrend, indicated by EMA 7, 25, and 99 positioned in a "death cross" pattern (stacked from top to bottom). This suggests a bearish trend.
2. Current Price:
The price is around Rp18,989 or 1.1746, close to the nearest support at 1.1609 (24-hour low). Watch for either a potential bounce or a breakdown below this level.
3. Volume:
The 24-hour trading volume is significant for both USDT and ENA. However, the latest candles show decreasing volume, which might indicate consolidation or weakening selling pressure.
4. Scalping Strategy:
If the price bounces from the support (1.1609), consider a short-term buy with a target near the next resistance (EMA 25 or around 1.205).
If the price breaks below the support, consider a sell entry, targeting levels lower than the previous low.
5. Additional Indicators:
RSI: Check if it's in the oversold zone for signs of a possible reversal.
MACD: Look for crossing signals to confirm bearish or bullish momentum.
Key Notes:
Focus on support and resistance zones for entries.
Use a tight stop-loss to manage risk effectively in this short-term strategy.