$ENA /USDT – MARKET ANALYSIS & TRADE SETUPS
Analysis:
ENA has posted a +7.38% gain in the last 24 hours, bouncing strongly from the $0.7400 support zone and touching highs near $0.8555. The recent rally shows renewed bullish momentum, but the price is now consolidating. Short-term traders should watch the $0.8000 level — holding above it could signal continuation toward previous highs, while a breakdown could lead to a retest of support.
Bullish Setup (LONG):
Entry: $0.8020 – $0.8100
Targets: TP1 $0.8320, TP2 $0.8500, TP3 $0.8650
Stop Loss: Below $0.7900
Reason: Price holding above 20EMA with bullish volume; breakout potential toward recent highs.
Bearish Setup (SHORT):
Entry: $0.8280 – $0.8350 (if rejection near resistance)
Targets: TP1 $0.8100, TP2 $0.7900, TP3 $0.7700
Stop Loss: Above $0.8500
Reason: Failed breakout with declining volume could trigger a pullback toward key support zones.