ENA/USDT - 15-minute chart analysis and short-term trading idea
Possible entry point:
There may be a buying opportunity around the current price ($0.3900), or you can wait for confirmation of a rebound from the support level of $0.3889. If a small green candle forms after a series of red candles, it may indicate buyers' interest.
Possible exit point (target):
The target for a very short term can be set between $0.3980 and $0.4020, which is the local low level before the previous decline. This is an attempt to take advantage of a minor upward retracement.
Stop-Loss
ENA_USDT_Chart_Analysis_Roman_Urdu.pdf
Since the risk is high, a hard stop loss is necessary. It can be placed slightly below the lowest level of the last 24 hours, for example at $0.3870. If the price goes below this level, the downtrend may accelerate further.
