Technical Analysis (#ENA )
Bullish Momentum: The overwhelming "Strong Buy" signals across trading platforms suggest that ENA is in a sustained uptrend, with moving averages and volume dynamics supporting bullish conviction.
- Caution on Overbought Readings: ADX and Williams %R point to overbought conditions—exercise caution in the short term, as minor retracement or consolidation could be in play.
Trade & Entry Strategy:
- For momentum traders: A break above ~$0.82 could confirm continuation toward the next resistance zones ($0.92, $1.00).
- For conservative entries: Waiting for a pullback to ~$0.65–$0.66 (support zone), or deeper to ~$0.52 (if broader correction unfolds), could offer better risk-return setups.
Risk Management: Keep strict stop-loss discipline due to volatility. A move below $0.65 may signal weakening momentum and warrant reassessment.
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