🚨 Technical Analysis for Stock $ENA - Potential Buy Opportunity

The price of stock $ENA has dropped to the demand zone between 0.5900 and 0.6200, which has previously served as strong support. On the four-hour chart, momentum indicators show a state of overselling, while buyers have started to defend this level with the formation of upward wicks from the downward trend.

If stock $ENA can hold above the level of 0.5900, we may witness a rebound towards higher resistance levels before any further correction.

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📈 Buy Setup

Entry Zone: 0.5900 - 0.6200

First Profit Target: 0.6600

Second Profit Target: 0.7000

Third Profit Target: 0.7500

Stop Loss: 0.5700

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💡 Note: In case the price of ENA breaks and closes below the level of 0.5700 with strong trading volume, the buy option becomes invalid, and the price may extend towards 0.5500 - 0.5300.

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