$ENA /USDT Trade Setup

Market Insight:

$ENA is up nearly 30% in the last 24 hours, showing strong bullish momentum. Price has broken above the upper Bollinger Band (0.3663), indicating a potential overextension or the beginning of a volatility breakout. Significant volume surge (570M ENA / $195M USDT) further confirms aggressive buyer interest.

Entry:

Buy Zone: $0.3600 – $0.3750

(A small pullback from the current high would offer a better risk-reward entry.)

Targets:

Target 1: $0.3900 – Recent high / local resistance

Target 2: $0.4150 – Psychological round level & potential Fibonacci extension

Target 3: $0.4500 – Bullish breakout target if momentum sustains

Stop Loss:

$0.3400 – Below local structure support and mid-Bollinger Band level

Key Levels:

Support: $0.3400 / $0.3200 / $0.2850

Resistance: $0.3900 / $0.4150 / $0.4500

Bollinger Bands: Upper: $0.3663 | Middle: $0.3204 | Lower: $0.2744

Pro Tip:

Watch for consolidation around $0.375–$0.390. A breakout above $0.390 with volume confirmation could signal continuation, while rejection may lead to a pullback toward the $0.34–$0.32 range, offering re-entry opportunities.

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