TP 1 Done
Towards TP 2 ✌🏾$ENA
$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.
⸻
📌 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
⸻
⚠️ Caution:
• If BTC or overall market drops sharply, ENA could retrace fast.
• Overbought conditions may cause short-term pullbacks before higher moves.
🗒️🗒️ DYOR
📊 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.
⸻
📌 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
⸻
⚠️ Caution:
• If BTC or overall market drops sharply, ENA could retrace fast.
• Overbought conditions may cause short-term pullbacks before higher moves.
🗒️🗒️ DYOR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ENA
0.8131
+2.61%
