$ENA is presented with a neutral-to-bearish risk-mitigation structure following a major supply unlock. The supplied data indicates selling pressure is decelerating around historical demand blocks, while mildly negative funding reflects heavy hedging activity. The setup is focused on potential absorption rather than momentum chasing. Exact numerical entry, support, resistance, and target levels were not provided, so no unsupported numbers are introduced.
📈 Bias: Neutral-Bearish | 🎯 Entry: Extreme lower-wick levels | 🛡 Support: Major historical floor support | 🚧 Resistance: Structural local moving-average resistance | 🎯 Targets: Dynamic mid-range / local distribution peak / upper resistance wall | ❌ Invalidation: New all-time structural lows
Strategy: Range-play confirmation around lower-wick demand and absorption, with strict attention to the stated unlock-related distribution risk.
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