📊 Technical Analysis for $ENA (15m Chart)
2025-01-30
Current Market Data:
• Price: $0.7110 (+5.54%)
• 24H High: $0.7422
• 24H Low: $0.6674
• Volume: 545.77M USDT
📈 Key Support & Resistance Levels:
• Resistance: $0.7295 - $0.7422 (Recent high & major breakout level)
• Support: $0.705 - $0.697 (Short-term MA support)
• Critical Support: $0.680 - $0.667 (Break below = potential downtrend)
📉 Indicator Analysis:
✅ RSI (12): 61.95 (Bullish but not overbought)
✅ MACD: Bullish momentum, but slightly weakening
✅ KDJ (K: 82.59, D: 80.92, J: 85.94): Indicates strong momentum but overbought
📊 Trading Strategy Suggestions:
🟢 Long (Buy) Strategy:
🔹 Buy if price holds above $0.705
🔹 Targets:
• TP1: $0.729
• TP2: $0.740 - $0.750 (Strong resistance)
🔹 Stop-Loss: Below $0.697
🔴 Short (Sell) Strategy:
🔹 Sell if price fails to break $0.729 & shows rejection
🔹 Targets:
• TP1: $0.705
• TP2: $0.680 - $0.66
🔹 Stop-Loss: Above $0.742
📢 Final Thoughts:
• Uptrend still intact, but price needs to hold above $0.705 for further upside.
• If rejected at $0.729 - $0.742, expect retracement to $0.705 or lower.
• Wait for confirmation before entering a trade