$ENA
$ENA Surging! 🚀 Is it Time to Take Profits or Hold?
Market Update:
$ENA is showing massive bullish momentum today, currently trading at $0.2349, marking a solid +12.93% gain in the last 24 hours. 📈
Technical Breakdown:
RSI Alert (Overbought): The RSI(10) has hit 81.5. While the trend is strong, this indicates the asset is in the "Overbought" zone. Expect some cooling off or a minor correction soon. ⚠️
Bollinger Bands: Price is currently riding above the Upper Band ($0.2329). This confirms high volatility and a strong breakout, but often leads to a retest of the middle line ($0.2224).
MACD: The MACD histogram is showing healthy green bars, confirming that the buyers are still in control for now.
Trading Strategy:
For Holders: If you are already in profit, consider trailing your Stop Loss to lock in gains.
For New Buyers: Entering at the top of a parabolic move is risky. It might be wiser to wait for a dip toward the $0.2220 support level before jumping in.
Key Levels to Watch:
📍 Resistance: $0.2355 (Recent High)
📍 Support: $0.2224 (20 SMA)
What’s your move? Are you Bullish or waiting for a dip? Let me know in the comments! 👇
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