$ENA / USDT โ Bouncing Off Support? ๐๐
$ENA / USDT is currently trading at $0.3347, down slightly by -2.33% today. Looking at the 4-hour chart, we can see a recent dip to the $0.326 level, followed by a bounce back up. This suggests potential support around that area.
๐ง Potential Trading Ideas:
* Retest of Resistance: The price is now approaching a potential resistance level around $0.340. Watch if it can break through.
* Support Hold: The bounce from $0.326 indicates that this level could act as strong short-term support.
* Consolidation Range: The price action seems to be contained within a range between $0.326 and $0.358 (the 24-hour high).
๐ Potential Long Entry (If Support Holds): Consider entering near the $0.334 level with a stop loss below $0.326, targeting a move towards $0.340 or even $0.35+.
๐ Potential Short Entry (If Resistance Holds): If the price rejects the $0.340 level, a short entry targeting $0.330 or $0.326 could be considered.
โ ๏ธ Outlook:
$ENA / USDT is showing signs of recovery after testing a lower support level. The key will be how it interacts with the $0.340 resistance. Monitor volume and price action for confirmation of the next move. Remember to apply your own analysis and manage risk effectively.
ENAUSDT ยท Binance
0.3347 +0.0065 (+1.98%) (based on the last 4 hours)
