๐ $ENA Reversal Setup (Daily TF)
Price is starting to show potential reversal from the $0.28โ$0.29 support zone. Currently, price is approaching EMA 20 ($0.3059). If price manages to close daily above this level, it could be an early signal of a short-term reversal.
๐ Entry Zone:
Anticipation: $0.305โ$0.310 โ when price breaks through EMA 20.
#Confirmation: $0.315โ$0.320 โ if it breaks and closes above previous minor resistance.
๐ฏ Target Take Profit:
TP1: $0.36 (EMA 50, strong resistance)
TP2: $0.45 (EMA 100)
TP3: $0.50 (EMA 200, bullish trend validation)
๐ Stop Loss:
$0.285 โ below strong support or trailing stop if you want to be flexible and secure profit
๐ Risk/Reward:
Entry $0.31 โ SL $0.285 โ TP1 $0.36
RR = 2:1 โ quite ideal for trend followers and scalpers
๐ Additional Confirmation:
RSI > 50
Breakout volume increases significantly
๐ Alert Recommendations:
Price > $0.306 (monitor breakout)
Price > $0.32 (ready to confirm entry)
Price < $0.285 (quick cut loss)
