$ENA $ENA

$Here is a technical analysis for ENA/USDT based on the 2-hour chart you provided:

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📉 Trend Analysis

Price Rejection at 0.3558: Strong selling pressure at this level caused a significant drop.

Bearish Cross: The MA(7) crossed below the MA(25) — a classic short-term bearish signal.

Price Below MA(99): Indicates that the longer-term trend is bearish.

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🔍 Support & Resistance Levels

Support Zones:

$0.3110 → Intraday support (tested in this session).

$0.2975 → Historical swing low (major support).

Resistance Zones:

$0.3260 → Near-term resistance.

$0.3356 → MA(25) area.

$0.3558 → Recent high and strong resistance.

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📈 Suggested Trade Setup

Trade Type: Short-term Long (Bounce Play)

Parameter Value

Entry $0.315

Stop Loss $0.308

Take Profit $0.335

✅ Reasons:

RSI is at 25.28 (oversold) → Potential bounce.

Price at support zone near $0.311.

Short-term recovery to MA(25) area ($0.3356) is likely before next rejection.

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📉 Risk Management

Risk/Reward Ratio: ~1:2.85

Small stop loss for minimal capital exposure.

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