šŸšØ $ENA/USDT Trading Signal šŸšØ

$ENA

$1.0259

-1.36%

šŸ’” Signal Type: Bearish Trend Reversal

šŸ“Š Timeframe: 4H Chart $ENA

šŸ”‘ Key Levels to Watch:

Support: $1.00 ā€“ A break below this level could confirm bearish momentum.

Resistance: $1.05 ā€“ A rejection here could lead to further downside.

šŸŽÆ Trade Setup:

Entry Zone: $1.0250 - $1.0300

Take Profit Levels (TP):

1ļøāƒ£ TP1: $1.00 (-2.5%)

2ļøāƒ£ TP2: $0.95 (-7.4%)

Stop Loss (SL): $1.08 (+5.2%)

šŸ“ Market Insight:

$ENA is showing signs of a potential trend reversal after hitting resistance near $1.05. A break below the support at $1.00 could trigger further declines, with $0.95 as the next target.

šŸ’” Strategy Recommendation:

Consider short positions between $1.0250 - $1.0300.

Set stop-loss at $1.08 to manage risk and aim for profits at TP1 and TP2.

šŸ“¢ Note: Watch for volume confirmation and avoid entering if the support at $1.00 holds.