$ENA: Bears Retake Control as $ENA Fails to Hold Moving Averages
SHORT SETUP ENA
Entry: $0.20750 - $0.20780
Stop Loss: $0.21500
Take Profit: $0.19295 (2R)
Key Levels: Support $0.19880 | Resistance $0.22460
Technical Analysis for $ENA: Short bias dominates ENA. EMA9200 sit well above price, confirming a downtrend, while MACD remains below its signal line and the histogram is negative. ADX at 40.8 signals a strong trend. Orderbook shows a 6.3% askside imbalance. RSI near 32 hints at oversold but momentum stays bearish. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend while the daily picture is mixed; overall market breadth is heavily negative with 91.8% of
SHORT $ENA
SHORT SETUP ENA
Entry: $0.20750 - $0.20780
Stop Loss: $0.21500
Take Profit: $0.19295 (2R)
Key Levels: Support $0.19880 | Resistance $0.22460
Technical Analysis for $ENA: Short bias dominates ENA. EMA9200 sit well above price, confirming a downtrend, while MACD remains below its signal line and the histogram is negative. ADX at 40.8 signals a strong trend. Orderbook shows a 6.3% askside imbalance. RSI near 32 hints at oversold but momentum stays bearish. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend while the daily picture is mixed; overall market breadth is heavily negative with 91.8% of
SHORT $ENA