📊 Updated $ENA 15-Min Chart Analysis & Trade Plan

(2025-02-01)

📈 Market Overview

• Current Price: $0.7630 (+2.39%)

• 24H High: $0.8248

• 24H Low: $0.7261

• Trend: Sideways consolidation after a strong rally

📌 Key Levels to Watch

✅ Resistance Levels:

• $0.770 - $0.776 (Short-term resistance)

• $0.800 - $0.825 (Major resistance & recent high)

✅ Support Levels:

• $0.755 - $0.748 (Short-term support)

• $0.726 - $0.708 (Key support zone)

📉 Indicator Analysis

🔹 MACD: Bearish crossover, showing potential short-term weakness.

🔹 RSI (6, 12, 24):

• RSI(6) = 36 (Approaching oversold, possible bounce soon)

• RSI(12) & RSI(24) = 42-43 (Still neutral, room for movement either way)

🔹 KDJ (K: 22.6, D: 32.8, J: 2.1): Shows downward momentum, but oversold conditions are forming.

📈 Trading Strategy Suggestions

🟢 Long (Buy) Setup:

• Best Entry: $0.748 - $0.755 (If support holds)

• Take Profit Targets:

• TP1: $0.770

• TP2: $0.785 - $0.800

• Stop-Loss: Below $0.740

📌 Confirmation Needed:

• If RSI rebounds from oversold and volume increases, this could be a strong buy zone.

🔴 Short (Sell) Setup:

• Best Entry: $0.776 - $0.800 (If price fails to break resistance)

• Take Profit Targets:

• TP1: $0.755

• TP2: $0.726

• Stop-Loss: Above $0.810

📌 Confirmation Needed:

• If price gets rejected at $0.770 - $0.780 with declining volume, shorting makes sense.

🔹 Final Thoughts

📌 Current trend: Sideways, waiting for a breakout or breakdown.

📌 Best Play: Buy the dip near $0.748 - $0.755 or short near $0.776 - $0.800 if rejected.

📌 Volume is low, so watch for a breakout confirmation before entering.