Futures Market Signals
$ENA Short Setup (Mean Reversion / Profit Taking):
• Entry: $0.2410 - $0.2500
• Take Profit (Realistic Target): $0.2250 - $0.22
• Stop Loss (1.5%): $0.2540
$ENA Short Setup (Safe Correction Target):
• Entry: $0.2510 - $0.2530 (Near Upper Band Resistance)
• Take Profit: $0.22 (Major Support Zone)
• Stop Loss: $0.2570
Technical Analysis:
ENA is showing early signs of trend exhaustion on the H4 timeframe after a prolonged bullish rally that saw the price touch a recent high of $0.2531. The price is currently trading at $0.2433, beginning to lose momentum as it falls back toward the Middle Band (MB) at $0.2400. Technical indicators suggest that the buying pressure has peaked, with the RSI likely retreating from overbought conditions. A healthy correction is anticipated as traders begin to lock in profits, potentially driving the price down to retest the lower liquidity zones around $0.214 - $0.201. As long as ENA remains below the $0.253 resistance level, the technical bias favors a short-term pullback to neutralize the recent aggressive growth.$ENA
