$ENA /USDT – Range-Bound Rebound Opportunity
Price is bouncing off lower support within a defined horizontal range, showing bullish reversal signs near $0.6230. Targets are set at the upper range boundary.
Entry: $0.6230
Stop Loss: $0.6054
Targets:
TP1: $0.6330
TP2: $0.6414
TP3: $0.6460
Risk Management: Allocate 3–5% of capital. Move stop loss to entry after TP1 and gradually lock in partial profits.
Monitor for a breakout above $0.6414 with volume as this may signal a stronger upward move.