š Updated Technical Analysis for
$ENA š¹ Current Price: $0.7056
⢠24H High: $0.7461
⢠24H Low: $0.6518
⢠Key Resistance Levels:
⢠$0.709 - $0.715 (Immediate resistance)
⢠$0.730 - $0.750 (Major resistance zone)
⢠Key Support Levels:
⢠$0.700 - $0.705 (Short-term support)
⢠$0.685 - $0.690 (Critical support)
⢠$0.668 - $0.675 (Breakdown level)
š Indicators & Market Sentiment
1ļøā£ Moving Averages (Bullish)
⢠MA(7): $0.700 (Price above it ā Bullish)
⢠MA(25): $0.684 (Price above it ā Bullish)
⢠MA(99): $0.699 (Just broke above ā Bullish confirmation)
ā
Since the price is above MA(99), this confirms a bullish breakout if it holds above $0.700.
2ļøā£ RSI (Overbought, Caution for Pullback)
⢠RSI(6): 83.009 (Overbought)
⢠RSI(12): 74.141 (Overbought)
⢠RSI(24): 61.265 (Still room for upside)
šØ High RSI levels indicate possible short-term pullback before another push higher.
3ļøā£ MACD (Bullish Momentum)
⢠DIF: 0.008
⢠DEA: 0.005
⢠MACD: 0.003
ā
MACD is still positive, supporting further upside, but momentum may slow if RSI stays high.
š Updated Trade Setup Based on $0.7056
1ļøā£ Long Trade (Bullish Scenario)
⢠Entry: $0.705 - $0.710 (Confirming support)
⢠Take Profit (TP):
⢠TP1: $0.730
⢠TP2: $0.750
⢠Stop Loss (SL): $0.695
2ļøā£ Short Trade (Bearish Scenario)
⢠Entry: $0.705 - $0.710 (If price struggles to break higher)
⢠Take Profit (TP):
⢠TP1: $0.690
⢠TP2: $0.675
⢠Stop Loss (SL): $0.715
3ļøā£ Safer Entry (Wait for Retest)
⢠Wait for a pullback to $0.690 - $0.695, then enter long.
⢠SL: $0.680
⢠TP: $0.715 - $0.730
š Can It Drop Below $0.58?
šØ Unlikely unless:
1. BTC dumps or overall market crashes.
2. ENA breaks below $0.675 support.
š¢ Right now, $0.675 is the key level to watch for breakdown risk.
#Signal. #ENASignals #MicroStrategyAcquiresBTC