tracking the structure on $ENA, is struggling to hold the recovery
The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 0.1441, while resistance is near 0.1654. ENA is 0.86% higher over 24 hours and is trading around 0.1527. With RSI at 44.9, upside momentum still needs to improve before the move looks convincing. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is close to its recent average (1.0x), so follow-through will matter more than one candle. This sits in the top three of 40 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 4H
Entry: 0.1525–0.1538 | TP1: 0.1455 / TP2: 0.1386 / TP3: 0.1317 | Stop Loss: 0.1588
#ENA #crypto #binance #Write2Earn!
The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The recent support area is around 0.1441, while resistance is near 0.1654. ENA is 0.86% higher over 24 hours and is trading around 0.1527. With RSI at 44.9, upside momentum still needs to improve before the move looks convincing. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is close to its recent average (1.0x), so follow-through will matter more than one candle. This sits in the top three of 40 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 4H
Entry: 0.1525–0.1538 | TP1: 0.1455 / TP2: 0.1386 / TP3: 0.1317 | Stop Loss: 0.1588
#ENA #crypto #binance #Write2Earn!
