$ENA Short trem Trade
Current Price: $0.4258
24h High/Low: $0.4633 / $0.3776
Recent Low: $0.2563 (strong support)
Recent High: $0.4633 (resistance)
Support Levels:
Primary Support: $0.3887 (25-period MA)
Secondary Support: $0.3325 (99-period MA)
Strong Support: $0.2563 (previous swing low)
Resistance Levels:
Immediate Resistance: $0.4633 (recent top)
Next Resistance Zone: Around $0.4737 (upper chart level)
Trade Suggestion (Short-Term Swing)
Entry Zone: Around $0.405 – $0.410
Take Profit (TP):
$0.460 (near recent high, just under resistance)
Stop Loss (SL):
$0.386 (below 25-MA & psychological support zone)
Risk/Reward: Approx. 1:2 ratio (attractive setup)
Reasoning:
The trend is currently bullish.
