#StrategyBTCPurchase Here’s a detailed **technical analysis** of the ENA/USDT trade

### 📈 **Current Status**

* **Current Price**: 0.5244 USDT

* **Price Change**: +5.98% (uptrend on short term)

* **MA60 (60-period Moving Average)**: 0.5276 (above current price — still acting as resistance)

* **Volume (Vol)**: 65.5K — decreasing, shows declining interest

* **Trend**: Short-term recovery after a dip, but still under the MA60 line (cautious zone)

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### 🔍 **Indicators Analysis**

#### 1. **Moving Averages (MA)**

* **MA(5)**: 178,335.85

* **MA(10)**: 200,766.18

* Both are showing *recent consolidation* in volume, but not strong buying yet.

* Price is *below the MA60*, meaning the *trend is still bearish* on higher timeframes.

#### 2. **Volume Trend**

* Today: **-2.44%**

* Last 7 days: **+56.25%**

* Last 30 days: **+104.48%**

* 90 days: **+68.50%**

* 180 days: **-40.25%**

* 1 Year: **+12.60%**

➡️ This shows **strong short to mid-term recovery**, but **long-term still weak**.

#### 3. **Order Book**

* **Bid: 48.27% vs Ask: 51.73%**

* Slight selling pressure seen — market is slightly bearish short-term.

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### 🎯 **Trade Signal Summary**

#### ✅ **Profit Possibility**

* The current uptrend (+5.98%) offers a potential short-term scalp.

* But being below MA60 indicates **resistance is near** at around **0.5276**.

#### ❌ **Loss Risk**

* Downside risk exists due to:

* Resistance at MA60

* Decreasing volume

* Order book favoring sellers

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### 🔐 **Suggested Stop Loss (SL) & Take Profit (TP)**

#### 📍 Conservative Setup (Short-term scalp)

* **Entry**: 0.5244 (current price)

* **Take Profit (TP)**: 0.5300 to 0.5330

(Just before resistance at 0.5359 and MA60)

* **Stop Loss (SL)**: 0.5170

(Recent support level before sharp rebound)

#### 📍 Aggressive Setup (Swing trade)

* **TP**: 0.5400+ (if price breaks above MA60)

* **SL**: 0.5100 (to allow room for volatility)

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### 🧠 Final Notes:

* Watch if price **breaks above 0.5276 (MA60)** with **rising volume** — that would be a **bullish confirmation**.

* Avoid entering if the price **gets rejected** at MA60 again. #BTCvsETH #ETHBreaks3700 #StablecoinLaw #CryptoMarket4T $BTC

$ENA