ENA Looks Bearish (12H)ENA is one of the symbols that has rallied strongly and has now reached strong resistance zones. A bearish 3D formation is visible on the chart, and momentum has dropped significantly, which may indicate the start of a bearish trend for ENA.
Currently, it is near a weak support that may cause temporary pullbacks to the upside, providing opportunities to open sell/short positions. One entry can be taken on a pullback upward, and another if the price reaches the red SWAP zone.
The target can be the green box area.
A daily candle closing above the invalidation level will invalidate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
