$ENA
Everyone is watching that huge green candle and calling it a breakout. I’m watching it as a potential SHORT opportunity.
$ENA pushed aggressively toward $0.255, but the move is struggling to hold. With a major token unlock around October 5, estimated at roughly 1.41B ENA, fresh supply could add pressure if sellers step in.
That doesn’t guarantee a dump, but the risk/reward here makes me cautious on the upside.
SHORT ENTRY: Current Zone
TP: $0.230
SL: $0.2555
If $0.2555 breaks and holds, the short thesis is invalidated. Manage risk and don’t chase the candle.
Sell & Trade $ENA
Everyone is watching that huge green candle and calling it a breakout. I’m watching it as a potential SHORT opportunity.
$ENA pushed aggressively toward $0.255, but the move is struggling to hold. With a major token unlock around October 5, estimated at roughly 1.41B ENA, fresh supply could add pressure if sellers step in.
That doesn’t guarantee a dump, but the risk/reward here makes me cautious on the upside.
SHORT ENTRY: Current Zone
TP: $0.230
SL: $0.2555
If $0.2555 breaks and holds, the short thesis is invalidated. Manage risk and don’t chase the candle.
Sell & Trade $ENA
