ENA

ENA recently broke below a flag pattern and found support around $0.222, rebounding afterward. On June 24, it faced resistance below the flag pattern, stalling near the Fibonacci 0.786 level. The flag pattern suggests the trend may continue, and the resistance below the flag indicates strong overhead pressure. A bearish trend is more likely to persist. At the time of writing, ENA is priced at approximately $0.265. Investors may consider entering a short position at market price. Take-profit levels can be set in stages at $0.222, $0.205, $0.195, and $0.16. The stop-loss should be placed above the previous high on June 24 at $0.28.

Reference Levels:

• Direction: Short

• Entry: $0.265 (market price) - $0.275

• Take-Profit: $0.222 / $0.205 / $0.195 / $0.16

• Stop-Loss: $0.28

MOVE

MOVE has been in a downtrend for nearly six months. Recently, the price rose to the upper boundary of a descending channel and faced resistance at $0.193, potentially continuing the bearish trend. At the time of writing, MOVE is priced at around $0.18, presenting a relatively good entry point for a short position. Investors may consider entering a short at market price. Take-profit levels can be set at previous lows and pattern target prices of $0.11 and $0.1. The stop-loss should be placed above the overhead resistance at $0.2013.

Reference Levels:

• Direction: Short

• Entry: $0.18 - $0.195

• Take-Profit: $0.12 / $0.11 / $0.1

• Stop-Loss: $0.202

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.