$ENA shows a clearly bearish trend, characterized by distinct lower highs (0.28 -> 0.25 -> 0.23) and lower lows (0.24 -> 0.22). It is currently in a pullback phase and has broken below the 0.24 support level. The price is now testing the key demand zone near 0.22–0.23.
📉 $ENA sell short (preferred)
· Sell entry points: 0.24–0.25 (wait for a resistance rejection/confirmation at 0.24)
· Stop loss: above 0.26 (the most recent lower high)
· Take profit:
· TP1: 0.22 (current local low)
· TP2: 0.19 (previous major swing low)
Support me with this trade below 👇
💡 Summary: The market is at a critical point. A break below 0.22 may accelerate the downtrend toward 0.19. Conversely, reclaiming 0.24 may signal a short-term reversal. Until 0.24 is reclaimed, the preferred strategy is shorting a retest.#ena #ethena
📉 $ENA sell short (preferred)
· Sell entry points: 0.24–0.25 (wait for a resistance rejection/confirmation at 0.24)
· Stop loss: above 0.26 (the most recent lower high)
· Take profit:
· TP1: 0.22 (current local low)
· TP2: 0.19 (previous major swing low)
Support me with this trade below 👇
💡 Summary: The market is at a critical point. A break below 0.22 may accelerate the downtrend toward 0.19. Conversely, reclaiming 0.24 may signal a short-term reversal. Until 0.24 is reclaimed, the preferred strategy is shorting a retest.#ena #ethena
