🚨 Technical Analysis for Currency $ENA - Daily Frame

🔸 The price is correcting after a strong rise and is facing resistance around 0.60

🔸 The 200, 50, and 20 moving averages are still below the price = the trend is still positive as long as it holds

🔸 The Ichimoku cloud is still green and RSI is around 63 = upward momentum but slowing down

📌 Trade Type: Spot – Spot

🎯 Positive Scenario:

– Breaking 0.60 and holding above it

– Targets: 0.66 – 0.70 – 0.75

❌ Negative Scenario:

– Breaking 0.52 with a candle close

– Targets: 0.47 – 0.43 – 0.38

📌 Note: It is preferable to wait for a confirmation of the breakout or breakdown before making an entry decision.

⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.

$ENA

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