$ENA /USDT – 4H Trade Setup

Market Insight:

$ENA is stabilizing after a recent pullback from $0.5919 to a local low of $0.4886, now trading at $0.5021 (+0.74%). Price is currently below the MA(7) and MA(25), indicating weakness in short-term momentum. However, the MA(99) at $0.4528 is acting as a strong macro support. Volume remains very high, suggesting sustained trader interest and potential for volatility.

Entry Zone:

Buy Range: $0.4880 – $0.5050

Price is consolidating in this zone, and a bounce from here with a bullish candle would be a signal for re-entry.

Targets:

Target 1: $0.5190 – Near-term resistance

Target 2: $0.5587 – Key lower high before last drop

Target 3: $0.5977 – Previous 4H top and major resistance zone

Stop Loss:

Below $0.4760 (under key support and wick zone)

Key Levels:

Support: $0.4886 / $0.4763 / $0.4528

Resistance: $0.5197 / $0.5587 / $0.5977

MA Overview:

MA(7): 0.5134 (immediate dynamic resistance)

MA(25): 0.5147 (confluence with MA(7))

MA(99): 0.4528 (long-term trend support)

Pro Tip:

If price closes above $0.5150 with volume confirmation, momentum could flip bullish again. Otherwise, consider laddering in around $0.4950–$0.5050 with a tight stop for a bounce play.

#BTCvsETH #ETHBreaks3700 #StablecoinLaw #NFTMarketWatch #StrategyBTCPurchase