Technical analysis by candle_crafts about Symbol ENA: Sell recommendation (8/1/2025)
📣 Yo legends! ENA got jacked on steroids lately, exploding in TVL and open interest like it’s headed to $10. But RSI at 82? Declining OI? That’s not strength, that’s a leverage hangover waiting to happen. Time to fade the party. 🥴 🔥 TRADE SETUP Bias: Short Strategy: Overbought + Reversal Signal Entry: $0.63 – $0.66 SL: $0.71 TPs: $0.5446, $0.50, $0.42 Why? – RSI 82 on daily = overheated – Open interest dropping fast after topping $1.35B – Funding collapsing → longs unwinding – HTF sweep + LTF CHoCH confirmed. Candle Craft | Signal. Structure. Execution.Hey Candle Fam, ENA just knocked on the door of our key supply zone like an overleveraged intraday bull—let’s see if it gets slapped back or breaks through. 🔥 ENAUSDT.P TRADE UPDATE 🔥 Bias: Short (watch for rejection) Strategy: Liquidity Grab + Reversal Opportunity 🎯 Entry Zone: $0.63500–$0.66500 (Reached) 🩸 Stop Loss: Above $0.67800 🎯 Take Profits: TP1: $0.58200 TP2: $0.52800 📊 Rationale: – Price tapped into our HTF supply zone with prior equal highs – prime sweep bait. – RSI on HTF is overextended = cooked. – No clear bullish breakout = wait for rejection candle or M5/M15 CHoCH to confirm entry. – Funding flipping positive + Open Interest rising = longs loading into resistance (aka free lunch for smart money). 🧠 Stay sharp. Let the market prove its hand before diving in. Confirmation entry > blind front-run.📡 ENAUSDT.P – Trade Insight Hey Candle Fam, Doesn’t matter if it’s long or short — when structure speaks, we listen. And right now, ENA is doing exactly what the data warned us about. Daily RSI hit 82 — that’s not strength, that’s exhaustion. Open interest? Dumped hard after topping $1.35B. Funding? Collapsing fast — a classic sign of longs getting liquidated. We called the overextension, mapped the reversal zone, and let the market do its thing. No guessing. No chasing. Just setups backed by imbalance, emotion, and smart money footprints. The real flex? One moment we’re catching bottoms like on $BRETT , next moment we’re flipping the chart and shorting the highs on ENA. It’s not about being bullish or bearish. It’s about being right. Candle Craft | Signal. Structure. Execution.
