📉 ENA/USDT – DeFi currency at the 60 moving average midpoint amid a strong bearish trend
Spot trading | Binance
📊 Current statistics:
Price: 0.1751 USD (+1.33% today)
24-hour High/Low: 0.1841 / 0.1719
24-hour trading volume (USDT): 24.74 million
60 moving average: 0.1748 USD (immediate midpoint)
Category: DeFi
📈 Technical context:
The price is accurately testing the 60 moving average – a breakout above or below will determine the near-term tone.
The volume is below the 5 and 10 period averages, showing weak momentum despite the slight gain today.
A steep bearish trend across all time frames (7 days: -26.64%, year: -81.60%).
🎯 Trading setup (Two scenario system):
Scenario 1 – Buy on breakout (if the 60 moving average holds as support)
Entry: Above 0.1760 (Strength confirmation)
Target 1: 0.1800
Target 2: 0.1840
Target 3: 0.1880
Stop loss: 0.1720
Scenario 2 – Sell on rejection (if the 60 moving average fails as support)
Entry: Below 0.1740 (60 moving average break)
Target 1: 0.1710
Target 2: 0.1680
Target 3: 0.1650
Stop loss: 0.1765
$ENA ⚠️ Risk notice:
DeFi currencies can be volatile, but long-term trends are strongly negative.
The current low volume indicates hesitation – wait for confirmation with an increase in volume.
Not financial advice. Use a strict stop loss and trade cautiously.
#ENA #USDTfree #BukhariTechTips