$ENA Best Token for investment
Chart Analysis
• Current Price: 0.7994 USDT (slightly red candle but still up +3.52% on the day).
• Recent High: 0.8555 (24h high) — resistance zone.
• Recent Low: 0.7656 (24h low) — support zone.
• Trend: Short-term uptrend since bouncing from ~0.74, but currently in a small pullback after failing to hold above 0.84.
• Volume: Noticeable spikes on green candles, indicating buying interest, but recent bars show selling pressure.
• Order Book: 64.37% buyers vs 35.63% sellers — bullish imbalance.
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Key Levels
• Immediate Resistance: 0.8200 – 0.8250 (needs breakout for further upside).
• Major Resistance: 0.8550 – 0.8600 (24h high, likely heavy selling zone).
• Immediate Support: 0.7850 – 0.7900 (buy zone if defended).
• Major Support: 0.7650 (24h low, key stop-loss level for longs).
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Trade Setup
Scenario 1 — Long (Bullish bias)
• Entry: 0.7900 – 0.8000 (current zone or on dip near support)
• Stop Loss: 0.7640 (below key support)
• Take Profit Targets:
1. TP1: 0.8200 (short-term resistance)
2. TP2: 0.8400 (previous high area)
3. TP3: 0.8550 (24h high)
• Risk/Reward: ~1:2.5 to 1:3 if aiming for TP3.
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Summary
• Momentum is still bullish overall but the pullback means a better long entry could come from a dip near 0.79.
• Breaking above 0.8250 with volume could trigger a push toward 0.8550.
• Losing 0.7850 support flips bias bearish toward 0.7650.
