#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