$ENA

📊 Technical Analysis

Trend:

• Strong uptrend — price is above the 7, 25, and 99 MA lines.

• Higher highs & higher lows are forming consistently.

• Bullish candle closing near the top of the range shows buying strength.

Support & Resistance:

• Immediate Resistance: $0.7405 (24h high, recent breakout level).

• Next Resistances: $0.80 → $0.85 (psychological & Fibonacci extension zone).

• Immediate Support: $0.6564 (previous breakout zone).

• Stronger Support: $0.6275 (MA7) → $0.5516 (MA25).

Volume & Momentum:

• High 24h volume confirms strong buying interest.

• MACD (not visible but implied by price/MA gap) is bullish.

• RSI likely approaching overbought but still within breakout territory — suggesting momentum continuation before possible cooling.

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📌 Trade Setup — Breakout Continuation

Type: Swing Trade (2–10 days holding period)

Entry Options:

1. Aggressive: Buy now at $0.7322 while momentum is strong.

2. Conservative: Wait for a pullback toward $0.66–$0.67 (retest of breakout).

Stop-Loss:

• Aggressive Entry: $0.6560 (below breakout support).

• Conservative Entry: $0.6270 (below MA7).

Targets:

• TP1: $0.7800 (short-term breakout target).

• TP2: $0.8200 (Fibonacci 1.618 extension).

• TP3: $0.8500 (psychological resistance).

Risk-Reward Ratio (Aggressive Entry to TP2):

• Risk: ~$0.076 (10%)

• Reward: ~$0.088 (12%) → ~1.15 R/R

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⚠️ Caution:

• If BTC or overall market drops sharply, ENA could retrace fast.

• Overbought conditions may cause short-term pullbacks before higher moves.

🗒️🗒️ DYOR