The couple $ENA is still moving under clear pressure. Any slight rebound is quickly sold, and the descending peaks continue. The moving averages act as strong resistance, and momentum has not shown any real signs of reversal so far.

Short Position (ENA)

Entry: 0.1170

Stop Loss: 0.1210

Target: 0.1050

The entry is close to the failure supply area where the price failed to regain the important averages. The stop loss is above the last rejection area to avoid fluctuations. The target is at a previous demand area that the price interacted with before. As long as the price is below resistance, the bearish scenario remains the most likely.

ENAUSDT

Perp

0.1151

-2.54%