Based on the 4-hour chart of **ENA/USDT**, here's a **detailed technical analysis** along with an **intraday trading signal**:
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### **Chart Overview**
- **Current Price**: 0.3151 USDT
- **Recent Low**: 0.3019 USDT (strong near-term support)
- **Recent High**: 0.3797 USDT (local resistance)
- **Trend**: Bearish, but showing signs of a potential short-term bounce or consolidation
- **Moving Averages**:
- **MA(7)**: 0.3163 (yellow) – short-term trend
- **MA(25)**: 0.3374 (pink) – medium-term resistance
- **MA(99)**: 0.3139 (purple) – acting as immediate dynamic support
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### **Technical Indicators Summary**
- **Price near 99 MA**: Price is currently testing the 99-period moving average from below, suggesting a possible short-term reversal or rejection.
- **Volume Spike**: Increased volume near recent lows may indicate accumulation or short covering.
- **Candle Patterns**: Recent candles show potential reversal signals like long wicks on downside (buying interest).
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### **Trading Signal (Intraday Strategy)**
#### **Bias**: Short-term bullish (scalp or bounce trade)
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### **Entry Point(s)**:
1. **Entry Range**:
- **Aggressive**: 0.3130 – 0.3150 USDT (around MA99 support zone)
- **Conservative**: Wait for break and retest of 0.3200
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### **Stop-Loss**:
- **SL**: Below 0.3015 USDT (recent swing low + small buffer)
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### **Take-Profit Target(s)**:
1. **TP1**: 0.3235 USDT (short-term resistance + MA7 proximity)
2. **TP2**: 0.3310 USDT (near MA25 — medium resistance)
3. **TP3**: 0.3370–0.3390 USDT (if momentum continues — fading the trend)
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### **Risk-Reward Example (Aggressive Entry)**:
- **Entry**: 0.3140
- **SL**: 0.3015
- **TP1**: 0.3235 (R:R ≈ 1:1)
- **TP2**: 0.3310 (R:R ≈ 1.5:1)
- **TP3**: 0.3375 (R:R ≈ 2:1+)
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### **Notes**:
- If price fails to reclaim 0.3200 with volume, the bounce might fail.
- Protect capital using tight stop-loss if entering aggressively.
- Consider partial exits at TP1 and TP2 to lock in gains.
Would you like me to provide this setup in a visual chart annotation for better clarity