$ENA /USDT: Long Trade Opportunity
Bulls Building Pressure:
$ENA has bounced sharply from the $0.3019 low, printing a clean uptrend with higher lows and strong green candles. The recent surge shows buyers are back in control, with bullish continuation likely.
Trade Setup (Long):
Entry Price: $0.3270
Targets:
- Target 1: $0.3390
- Target 2: $0.3450
- Final Target (TP3): $0.3510
Stop Loss: $0.3145
Why Long?
The trade is supported by:
- Clean Uptrend: ENA has printed a clean uptrend with higher lows and strong green candles.
- Bullish Momentum: The recent surge shows buyers are back in control, with bullish continuation likely.
- Key Support: Bulls need to defend the $0.3270 zone to maintain the trend.
Market Outlook:
If momentum holds, the price could march toward $0.3510. Traders should monitor the price action closely, looking for opportunities to capitalize on the upward momentum.
Risk Management:
- Adjust Stop-Loss: Always adjust your stop-loss after the first target is reached to lock in profits and protect against sudden reversals.
- Protect Gains: Consider securing profits and adjusting your strategy to minimize risk and maximize returns.
