Does $ENA fail to break through? The last candle says a lot!
Current price: 0.3391
Change in 24 hours: -0.12%
Highest price in 24 hours: 0.3512
Lowest price in 24 hours: 0.3305
Technical Analysis:
Last candle: A long upper wick candle indicating strong selling pressure at the resistance level of 0.35 → A potential signal for price rejection currently.
RSI = 55.5 → In a neutral zone leaning towards positive, but it has not breached the overbought area.
MACD: A positive crossover is approaching, but it is still uncertain.
Bollinger Bands: The price rebounded from the lower band, but it hit the moving average and failed to surpass it.
Suggested Trading Strategy:
✅ Spot:
Enter only on a clear breakout of the 0.35 level with strong volume.
Gradual buying from 0.330 – 0.336 for risk-takers.
First target: 0.378
Second target: 0.405
Stop loss: Close below 0.320 with a 4-hour candle
Futures:
Avoid entering now without confirmation of a breakout at 0.35
If the breakout occurs:
Long position targeting 0.378
Stop loss: 0.325
In case of failure to break:
Short position set at 0.347 – 0.350
Target: 0.315
Stop loss: Above 0.357
Question to the audience:
Do you think ENA will succeed in breaking the strong resistance at 0.35? Or is a pullback the more likely option?
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