đ ENA 4H: Lower Highs, Fresh 24H Low | SHORT SETUP
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đ Trend: ENA is 0.1789 (-4.9% 24H) and just printed a new 24H low at 0.1773. Every bounce since the Oct 29 flush has topped lower, and price sits under EMA20 0.1885, EMA50 0.1940 and EMA200 0.2014. Bias stays bearish.
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đ§± Support: 0.1773, then 0.1734 (Oct 29 low)
đ§ Resistance: 0.1840-0.1870, then 0.1885
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đŻ Entry zone: 0.1840-0.1870 (retest of the broken floor)
đ Stop loss: 0.1915
â TP1: 0.1734
â TP2: 0.1658 (Oct 30 wick)
â TP3: 0.1526 (Sep 18 low)
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â ïž Risk: a 4H close back above 0.1915 cancels the idea. ENA is volatile, so keep size small and move SL to entry after TP1.
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Not financial advice. DYOR.
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$ENA $BTC
#ENA #CryptoTrading #BinanceSquare #Altcoins
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đ Trend: ENA is 0.1789 (-4.9% 24H) and just printed a new 24H low at 0.1773. Every bounce since the Oct 29 flush has topped lower, and price sits under EMA20 0.1885, EMA50 0.1940 and EMA200 0.2014. Bias stays bearish.
â
đ§± Support: 0.1773, then 0.1734 (Oct 29 low)
đ§ Resistance: 0.1840-0.1870, then 0.1885
â
đŻ Entry zone: 0.1840-0.1870 (retest of the broken floor)
đ Stop loss: 0.1915
â TP1: 0.1734
â TP2: 0.1658 (Oct 30 wick)
â TP3: 0.1526 (Sep 18 low)
â
â ïž Risk: a 4H close back above 0.1915 cancels the idea. ENA is volatile, so keep size small and move SL to entry after TP1.
â
Not financial advice. DYOR.
â
$ENA $BTC
#ENA #CryptoTrading #BinanceSquare #Altcoins
