$ENA – Relief bounce running straight into resistance, momentum fading

Trading Plan: SHORT $ENA

Entry: 0.088 – 0.093

SL: 0.097

TP1: 0.082

TP2: 0.075

TP3: 0.068

The bounce extended, but the quality of the move is deteriorating. Price is now pressing into a key resistance zone with clearly weakening follow-through. Buyers are still attempting to push higher, but the momentum is no longer there — each push is getting sold into.

Structure is shifting from impulsive to choppy, which typically signals exhaustion rather than continuation. When price stalls like this at resistance after a bounce, it often sets up for a rotation lower as sellers regain control.

This looks like a clean fade setup if weakness continues.

Trade $ENA here 👇

ENA

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