🚀 ENA Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 0.2030 - 0.2100
SL: 0.1980
TP1–TP3: 0.2550 / 0.2750 / 0.3000
Technical Analysis:
The analysis indicates a potential bullish setup from a key support zone. Price is currently consolidating near its recent lows after a significant downtrend, suggesting a potential bottoming formation. The daily Relative Strength Index (RSI) is in deeply oversold territory, which often precedes a relief rally or trend reversal as selling pressure becomes exhausted. A bounce from this area could initiate a test of higher resistance levels. A confirmation signal would be a decisive daily close back above the 0.2250 level with increasing volume.
Invalidation:
Only a break below 0.1980 would invalidate this bullish setup.
ENAUSDT
Perp
0.2002
-8.54%