$ENA
$ENA Bull Run: Is it time to Buy or Wait? 🚀
ENA/USDT Technical Analysis:
$ENA is showing massive strength today, up over 10% and trading around $0.2227. The chart looks very bullish, but let’s look at the technical indicators before jumping in:
✅ The Bullish Side:
Trend: The price is riding the upper Bollinger Band, indicating strong upward momentum.
MACD: We see a clear bullish crossover with rising green histograms, showing that buyers are currently in control.
⚠️ The Warning Signs:
RSI Overbought: The RSI (10) has hit 82.7. Historically, when RSI crosses 80, the asset is considered "Overbought," and a short-term correction or cooling-off period is likely.
Resistance: The immediate resistance is at $0.2235. It needs to break and hold above this level to continue the rally.
💡 My Strategy:
If you are already in profit, consider trailing your Stop Loss to protect your gains. For new entries, it might be safer to wait for a slight "pullback" toward the middle BOLL line near $0.2137 rather than FOMO-ing at the top.
What do you think? Will ENA break $0.25 today or take a breath first? Let me know in the comments! 👇
#ENA #CryptoTrading #TechnicalAnalysis #BinanceSquare #Altcoins #BullRun