$ENA is showing signs of recovery, but sellers may still defend the resistance zone. The key is to watch how price reacts around the entry area before considering a short position.
Trading Ideas Short $ENA
Entry: 0.205–0.220
SL: 0.225
TP1: 0.194
TP2: 0.188
TP3: 0.183
ENA has faced selling pressure near resistance, and buyers have yet to establish a convincing breakout. If this zone continues to hold, another pullback toward 0.194, followed by 0.188 and potentially 0.183, could become possible.
However, if buyers break above resistance with strong volume and sustain the move, the bearish setup could weaken or become invalid.
Avoid chasing the price. Wait for clear rejection confirmation, manage your risk carefully, and secure partial profits if the trade moves in your favor.
DYOR (Do Your Own Research).
Trading Ideas Short $ENA
Entry: 0.205–0.220
SL: 0.225
TP1: 0.194
TP2: 0.188
TP3: 0.183
ENA has faced selling pressure near resistance, and buyers have yet to establish a convincing breakout. If this zone continues to hold, another pullback toward 0.194, followed by 0.188 and potentially 0.183, could become possible.
However, if buyers break above resistance with strong volume and sustain the move, the bearish setup could weaken or become invalid.
Avoid chasing the price. Wait for clear rejection confirmation, manage your risk carefully, and secure partial profits if the trade moves in your favor.
DYOR (Do Your Own Research).