Technical analysis by NakamotoZzzz about Symbol ENA: Sell recommendation (8/11/2025)

Trade Setup Analysis - Timeframe: Daily (D1) - Position Type: Short (Sell) Entry Point: 0.8573 The entry is placed at a significant resistance level, positioned between the profit zone (green) and the risk zone (red), aiming to capture a potential downward move from this area. Stop Loss (SL): 0.9630 Placed above the key resistance to protect against a breakout. A breach of this level would invalidate the bearish thesis. Risk exposure is approximately +12.33% from entry. Take Profit (TP): 0.5390 Target set at a strong previous support level, offering a potential downside of around -37.13% from entry. Risk/Reward Ratio: 3.01 A favorable setup with three times the reward potential compared to the risk. Technical Outlook: ENAUSDT has shown a sharp upward rally but is now approaching a major resistance zone. This area could trigger profit-taking, potentially leading to a retracement toward lower support levels. Bearish Scenario: Sustained rejection at 0.8573 may drive the price down toward the 0.5390 target. Bullish Invalidation: A confirmed breakout and close above 0.9630 would nullify this setup, potentially signaling further bullish continuation. Summary: This setup takes advantage of a potential reversal at a critical resistance point, with clear risk management and a well-defined target. Monitoring price action around the entry zone will be key to confirming the sell signal.HIT ENTRY