$ENA
đ Trade Setup (Long Position)
⢠Entry Zone:
Between 0.8300 â 0.8468
Price is near local resistance (0.8525) but showing strong momentum. Consider entering on a slight dip or consolidation near EMA(9) at 0.8173.
⢠Stop Loss:
Below 0.8000
This level is below the EMA(21) (0.7924) and offers protection against a false breakout. Also near the last range consolidation.
đŻ TP1 (Take Profit 1):
0.8700
Psychological level and likely next resistance zone.
đŻ TP2 (Take Profit 2):
0.8950 â 0.9000
Round number target, and strong momentum could push price into this zone if volume and trend continue.
đ Indicators Review:
EMA(9) > EMA(21) > EMA(50):Â Strong bullish structure.
MACD:Â Positive crossover and rising histogram â bullish momentum.
Stochastic RSI: Overbought, currently at 88â89, indicating possible pullback or consolidation before continuation.