#ENA
ENA is facing strong resistance near 0.4385 and is struggling to reclaim the upper levels. The recent rejection indicates a possible continuation of the downtrend. If the price fails to hold above 0.4000, further downside could be expected.
Short Entry: Below 0.4000
Target 1: 0.3800
Target 2: 0.3600
Target 3: 0.3300
Stop Loss: 0.4385
If the price breaks below the 0.4000 support level with increasing volume, it may confirm bearish momentum. A retest of 0.4031 without reclaiming could serve as an additional confirmation for the short setup.
Pro Tip: Watch for volume spikes on breakdowns. If selling pressure increases significantly below 0.4000, it could accelerate the move towards lower targets.