$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