ENA/USDT 1H frame
1. Overview of the trend
Current price: $0.3869 (+9.85%)
High trading volume, confirming strong buying power.
Short-term trend: Strong increase after forming a bottom at $0.3424.
2. Analysis of MA lines
MA(7) = 0.3794, MA(25) = 0.3641, MA(99) = 0.3719
The current price is above all 3 MAs, especially has crossed MA99 => short-term bullish trend.
MA7 is rising strongly => short-term upward momentum is still present.
3. RSI (Relative Strength Index)
RSI currently around 66–70 (estimated from the slope of the price line and strong upward area).
70: overbought zone
~66: near the overbought warning zone, but not yet reversed
Meaning: The upward momentum is still present, but do not chase buy in the high area.
4. MACD
From the price structure and MA lines: MACD is likely cutting above the signal line => A buy signal has occurred before breaking out of the 0.367–0.372 area.
The distance between MACD and the signal line is widening => the upward momentum is strengthening.
5. Trading volume
Volume increases along with price momentum => confirming valid breakout.
Consecutive large green candles + high volume => money is flowing in.
Trading strategy
A. Spot trading
Strategy: Buy when the price retraces to the nearest support area.
Good buying area: $0.372–$0.375 (near MA99)
TP: $0.398 – $0.407 (most recent peak)
Sl: $0.359 (below the nearest support area and MA25)
B. Long/Short trading
Long order
Entry: $0.375
TP: $0.405 – $0.410
Sl: $0.359
Short order (for scalp or reversal when there is a divergence signal)
Entry: $0.398 – $0.407
Tp: $0.378
Sl: $0.413
Note: Short orders should only be used if there is a reversal candle (pinbar, engulfing) at the resistance area and RSI > 75.
6. Risks & Notes
The upward momentum has been strong => do not FOMO.
Prioritize buying when the price adjusts to the support area (MA99).
Be careful with strong fluctuations when the volume is unusually high.