$ENA: Bears Retake Control as $ENA Fails to Hold Moving Averages
SHORT SETUP ENA
Entry: $0.23700 - $0.23720
Stop Loss: $0.24550
Take Profit: $0.22030 (2R)
Key Levels: Support $0.23530 | Resistance $0.24150
Technical Analysis for $ENA: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD histogram is negative and RSI is neutral. Stochastic K at 20 hints at oversold conditions, a possible bounce risk. Watch for a break under the 0.2353 support to validate the short, or a hold above 0.2415 could flip sentiment.
Market Context: BTC is in a bullish trend and the broader market is broadly positive, but ENAUSDT shows bearish technical pressure.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ENA
SHORT SETUP ENA
Entry: $0.23700 - $0.23720
Stop Loss: $0.24550
Take Profit: $0.22030 (2R)
Key Levels: Support $0.23530 | Resistance $0.24150
Technical Analysis for $ENA: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD histogram is negative and RSI is neutral. Stochastic K at 20 hints at oversold conditions, a possible bounce risk. Watch for a break under the 0.2353 support to validate the short, or a hold above 0.2415 could flip sentiment.
Market Context: BTC is in a bullish trend and the broader market is broadly positive, but ENAUSDT shows bearish technical pressure.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $ENA
