$ENA Downtrend Intact, Targeting Lower Supports
$ENA is trading at 0.2844, firmly within a defined downtrend characterized by consistent lower highs. The supply zones near 0.2970 and 0.3034 have repeatedly capped rallies, confirming seller dominance. As long as price remains below the 0.3000 reclaim level, the path of least resistance points down toward the next significant liquidity pool.
The immediate focus is the support cluster around 0.2716 – 0.2710. A breakdown below this area would open the door for a move toward the next historical demand zones, making a structured short trade a logical play on the prevailing momentum.
Short Trade Setup (Based on Current Structure)
· Entry: 0.2840 – 0.2870
· Target 1: 0.2716
· Target 2: 0.2609
· Final Target: 0.2500
· Stop-Loss: 0.2975
TRADE NOW!!
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