🔍 Technical Analysis - ENA/USDT (15min Chart - Binance)
Let's go to the main points observed in the chart:
📊 Market Context (M15)
Current Trend: Lateralization with a slight downward inclination.
Volume: No evident spikes in the last hours, showing indecision.
Moving Averages:
MA 7 (yellow) crossed below MA 25 (pink) and MA 99 (blue): signal of weakness and possible continuation of correction.
All averages are now above the price: predominant selling pressure.
🔍 Candle Analysis
Recent double top near $0.412 and strong rejection — indicates clear resistance.
Rejection candles with long upper wicks confirm lack of buying strength above $0.39.
Recent pattern: formation of small candles and consolidation near $0.385 — possible preparation for breakout.
🔧 Technical Indicators
Immediate Support: $0.3820 and then $0.3750
Resistance: $0.3880 (MA25) and $0.3920
RSI and MACD not visible, but based on the averages and candles pattern, the RSI is probably neutral to slightly oversold.
✅ Possible Setup (Scalp Trade or Day Trade)
🔵 Entry:
Break $0.3885 with a strong candle and volume above average.
🔴 Stop Loss:
Below $0.3815 (last relevant low with rejection wick).
🎯 Targets:
TP1: $0.3920 (recent top + resistance from the averages)
TP2: $0.3965 (previous gap)
TP3 (more daring): $0.4020 (previous consolidation)
🧮 Risk/Return:
Average R/R: 1:2.3 with well-calibrated entry.
🚫 Avoid immediate entry if:
There was no increase in volume.
Weak candle close (without broad body or with upper wick).
BTC is in a downward trend at the same hours (high correlation).
📌 Conclusion
At this moment, there is no confirmation of reversal nor clear buying strength. The ideal is to wait for the breakout of resistance with volume and a strong candle, or a new correction to the support zone with reversal pattern (like hammer or bullish engulfing).
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