$ENA Long Term Trading
🔹 Current Market Overview
• Current Price: $0.756
• 24h High: $0.7983
• 24h Low: $0.701
• Trend: Short-term pullback after a pump
📊 Indicators Analysis:
• RSI (6, 12, 24) → Approaching oversold zone, meaning a potential bounce.
• MACD → Bearish crossover, suggesting downward pressure.
• Moving Averages (MA/EMA) → Still trending above key support, meaning price could stabilize soon.
• Volume → Decreasing, indicating a possible slowdown in selling pressure.
🔹 Scalping Strategy (Short-Term, Quick Profits)
✅ Best Entry for Long (Buy):
• Buy Range: $0.720 - $0.735
• Target: $0.765 - $0.780
• Stop-Loss: Below $0.710
✅ Best Entry for Short (Sell):
• Sell Range: $0.776 - $0.798
• Target: $0.750 - $0.740
• Stop-Loss: Above $0.810
🔹 Short-Term Swing Trade (1-2 Days)
If you’re looking for bigger moves, you can:
• Wait for a confirmed breakout above $0.798 → Target $0.820 - $0.850
• If price drops below $0.718, expect further downside to $0.685
📢 Trading Tip:
• If FOMC meeting news causes a sudden pump or dump, adjust stop-loss levels.
• Watch for volume increase before entering trades.
📌 Next Steps:
📉 If price drops to $0.720 - $0.735, consider buying for a quick scalp.
🚀 If price breaks $0.798 with strong volume, expect higher highs