$ENA ā Entry, Take-Profit, and Stop-Loss Strategy
š½ Potential Long (Buy) Entry
If you want to buy on a breakout with confirmation:
Entry: $0.2600 (after breakout above MA and 0.257 resistance)
Stop-Loss: $0.2470 (below the last swing low)
Take-Profit Targets:
TP1: $0.2680 (recent rejection level)
TP2: $0.2875 (previous major high)
Risk/Reward Ratio (approx):
Risk: 0.2600 - 0.2470 = 0.0130
Reward:
TP1: 0.2680 - 0.2600 = 0.0080 (not ideal)
TP2: 0.2875 - 0.2600 = 0.0275 ā R:R ā 2.1:1 (Good)
š¼ Potential Short (Sell) Entry
If the price breaks below the support:
Entry: $0.2440 (breakdown confirmation below 0.2455 support)
Stop-Loss: $0.2570
Take-Profit Targets:
TP1: $0.2350
TP2: $0.2200
This is more aggressive, only for strong downtrend confirmation.