ENPHASE ENERGY (ENPH) Short Play: Bearish Momentum Building!

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Technical Analysis:

Enphase Energy (ENPH) on the 15-minute timeframe signals a solid short trade setup. The price is moving steadily below the Risological dotted trendline, showing sustained bearish pressure with room for the price to descend further.

Key Levels:

• Entry: 78.13
  
• Stop Loss (SL): 85.38
  
• Target 1 (TP1): 69.18
  
• Target 2 (TP2): 54.69
  
• Target 3 (TP3): 40.20
  
• Target 4 (TP4): 31.2
  

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Observations:
The price is consolidating near the entry, showing potential to test the lower targets.
The Risological dotted trendline continues to act as overhead resistance, indicating a strong bearish outlook.

Enphase Energy is positioned for a potential decline with all targets set. Traders should watch for a breakdown below TP1 to confirm continued bearish momentum and aim for deeper targets!