1. Overview of today's price movement $ENA
- Current price: $0.3252 - $0.3277, up +9.51% to +11.47% over 24 hours.
- Daily range: between $0.2944 (strong support) and $0.3328 (resistance).
- Trading volume: $192-258 million, slightly down (-19%) compared to yesterday, but still high to support bullish momentum.
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2. Technical analysis of indicators
Indicator signals are strongly positive today:
- Volatilities:
- RSI (14): 63.36 (buy signal) - Still in a safe zone without being overbought (70).
- MACD (12,26): 0.007 (buy signal) - Confirmation of the upward trend continuing.
- Stochastic RSI: 26.3 (sell signal) - Indicates a possibility of a short-term correction.
- Moving averages:
- MA 50 & 100 & 200: All below the current price, supporting a long-term bullish trend.
- Buying power:
- Ultimate Oscillator: 54.76 (buy) - Positive momentum.
- Bull/Bear Power: 0.0064 (buy) - Buyers outperform.
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3. Support and resistance levels
- Immediate support: $0.3207 (Fibonacci) and $0.3138 (traditional).
- Nearby resistance: $0.3276 (pivot point) then $0.3321.
- Potential breakout: If the price exceeds $0.3328, it may target $0.347 (weekly high).
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📌 Today's trading recommendations
1. Day traders:
- Entry at: $0.320 - $0.325 with a stop loss at $0.313.
- First target: $0.332, then $0.347.
2. Long-term investors:
- Accumulation at levels $0.30-$0.31, where moving averages support bullish momentum.
3. Risk management:
- Avoid entering at $0.33+ without confirmation of breaking the resistance.
- Monitor the Stochastic RSI to avoid quick corrections.
> ⚠️ Warning: Market volatility is high today (ATR: 0.0055). Use stop-loss orders and avoid high leverage in an unstable market.#OrderTypes101
