$ENA /USDT Downtrend Watch – Critical Support at $0.0954!
$ENA is currently in a strong downtrend, having dropped from a high of $0.2633 to a low of $0.0954 in the past 24 hours, marking an 8.54% decrease. The price is consolidating near the key support level of $0.0954, and any break below this could lead to further declines. Traders should watch this zone closely, as a failure to hold could trigger a move toward even lower levels. However, if the price shows signs of stabilization or a potential bounce from this support, we might see a recovery towards the previous high of $0.1055.
Trade Signal Details:
Entry Zone: $0.0954 (watch for confirmation of support)
Target 1: $0.1000
Target 2: $0.1055 (previous resistance)
Stop Loss: $0.0900 (below recent support)
Technical Justification: The price has tested the $0.0954 support multiple times and failed to break lower. With volume remaining steady, a short-term reversal is possible if momentum shifts. Watch for a bullish reversal pattern to confirm a bounce.
Why Traders Should Monitor: Risk-to-reward ratio is favorable, especially if confirmation comes at the $0.0954 level. A bounce here could lead to quick upside potential. Watch closely for signs of reversal, as $ENA is near a critical inflection point.
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