$ENA is going through a high-volatility phase after a strong rejection from the upper range. Current price is hovering around 0.199, with a -1.53% move in the last 24 hours. The sharp drop from 0.2137 down to 0.1964 looks like a classic liquidity sweep, clearing late longs before price starts stabilizing.
On the 1H timeframe, the long downside wick near 0.1964 shows buyers defending this zone aggressively. Selling pressure is slowing, and the recent candles suggest price is attempting to build a short-term base. If ENA holds above the 0.198–0.200 area, a relief bounce toward previous resistance is very much on the table.
Trade Setup (Short-Term Recovery Play)
• Entry Zone: 0.198 – 0.201
• Target 1 🎯: 0.205 (minor intraday resistance)
• Target 2 🎯: 0.210 (previous consolidation zone)
• Target 3 🎯: 0.214 (recent high / breakout level)
• Stop Loss: 0.195 (below liquidity sweep low)
A clean reclaim of 0.205 with volume can flip momentum bullish and open the door for a move back toward 0.210–0.214. The key level to watch is 0.200 — holding above it keeps the recovery scenario alive, while failure would mean more ranging or downside.
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