#RiskRewardRatio

Market Analysis: ENA/USDT has shown recent consolidation near the $0.2900 level, which is a significant point of interest. The market is in a range, with buyers attempting to push higher and sellers keeping the price under control. If the price breaks above the $0.2950 resistance, there could be potential for a further rise toward $0.32. However, failure to break this resistance may result in a pullback toward support levels.

Key Levels:

Resistance Zone: $0.2950

Support Zone: $0.2800

Trade Signal:

Bullish Scenario: If ENA/USDT breaks the resistance at $0.2950, consider entering long positions with a target of $0.32. Set a stop loss just below support at $0.2800.

Bearish Scenario: If the price fails to break the resistance and begins to retrace toward the $0.2800 support level, look for buying opportunities with the target of $0.2950 or higher if it holds.

Trade Plan:

Entry Point (Long): Above $0.2950

Stop Loss: Below $0.2800

Take Profit: $0.32

Risk/Reward Ratio: 2:1 (adjust as per your strategy)

Note: Always use proper risk management, stay updated with the latest market news, and adjust your positions according to market behavior.