$ENA Below Key Resistance — Distribution Phase Continues 🔻
Short Trade Signal (Scalping):
Entry 1: 0.2050 – 0.2070
Entry 2: 0.2120 – 0.2180
TP1: 0.1980
TP2: 0.1910
TP3: 0.1820
SL: 0.2240
Leverage: 20–40x (risk-managed)
Open Trade in Future👇🏻
Spot Traders:
Avoid heavy spot entries right now. Safer accumulation zones sit lower near 0.185 – 0.175, where higher-timeframe demand may appear.
Why This Trade
ENA is still trading inside a macro downtrend, with price clearly below major resistance levels on the daily chart. While the lower timeframe shows a short-term bounce and consolidation, this move lacks strong follow-through and volume support.
On the daily chart, ENA continues to form lower highs, and every upside attempt toward the 0.21–0.22 zone has been rejected quickly. This tells us sellers are still in control at higher levels.
The current sideways movement around 0.20 looks more like distribution, not accumulation. Until price reclaims and holds above 0.22, long positions remain higher risk.
This makes pullback shorts toward resistance the safer and more structured setup.
Key Levels to Watch
Resistance Zones:
• 0.205 – 0.207 (immediate sell pressure)
• 0.212 – 0.218 (strong rejection zone)
Support Zones:
• 0.198 – 0.191 (short-term targets)
• 0.185 – 0.175 (major HTF demand)
Invalidation
If $ENA reclaims and holds above 0.224, bearish structure breaks and this short setup becomes invalid.
Until then, rallies are for selling — not for chasing longs.
Trade disciplined, manage risk, and don’t let short-term green candles fool you against the higher-timeframe trend.
And as always — if you’re not following Token Talk, you’re missing these clean $ENA setups before the real move happens.