⏰ Update at 16:21 on 08/08/2025
$ENA is right at the decisive zone! After a strong increase hitting 0.6584, the price has retreated to 0.613x, and now is the time for buyers – sellers are fiercely contesting. I have analyzed each frame to see which side is dominating, and the results are quite interesting…
🕓 4-hour frame – Medium-term trend still holds
On the 4-hour frame, ENA rose from the bottom of 0.5110 to the peak of 0.6584, then corrected back near EMA25 (0.6051). Although it is decreasing, the price is still above EMA100 (0.5630) → the medium-term trend still leans towards an increase.
MACD is still slightly positive (0.0024) but the histogram is narrowing – signaling that buying pressure is temporarily weakening. RSI(6) is at 46.72, not yet in the oversold zone.
=> I believe this is a natural 'cooling off' phase; if it holds the range of 0.6000 – 0.6050, it is likely to continue the upward trend.
⏱️ 1-hour frame – Selling pressure dominates short-term
On the 1-hour frame, ENA decreased from the peak of 0.6584 to 0.613x, currently sitting below EMA7 and EMA25 → indicating quite clear short-term selling pressure.
MACD is negative (-0.0037) and cutting down, the red histogram is extending – selling pressure has not completely stopped. RSI(6) is only at 31.40, close to the oversold zone → a technical rebound may occur.
=> If the price rebounds and exceeds 0.6200, it may test back to 0.628x, but if it breaks below 0.6100, the risk towards 0.6000 is quite high.
🕒 15-minute frame – Signs of creating a short-term bottom
On the 15-minute frame, ENA has touched the bottom of 0.6121 and bounced slightly; however, it is still blocked by EMA25 above. RSI(6) is at 26.47 → in the oversold zone, a slight recovery may occur.
MACD is still negative (-0.0005) but is close to the zero line and the histogram is narrowing – signaling that selling pressure is weakening.
=> This could be a short 'gaining momentum' zone, if it clearly exceeds EMA25, there will be a chance to recover to 0.6200 – 0.623x.
📌 Summary of personal view:
ENA is in a short-term correction phase after a strong increase, the 4-hour frame still maintains a medium-term uptrend. The 1-hour and 15-minute frames are gradually signaling recovery, especially if it holds the range of 0.6100 – 0.6050.
🎯 Personal setup (short-term LONG):
Entry: 0.6100 – 0.6150
Stop Loss: 0.6040
TP1: 0.6200
TP2: 0.6280
TP3: 0.6350 if breakout
📌 Order management: When TP1 is reached, move SL to break even to reduce risk.
🚀 Monitoring scenario:
🔸 Bull case: Stay above 0.6100 and exceed 0.6200 → test back to 0.6280 – 0.6350
🔸 Bear case: Losing 0.6050 → dropping deeper to 0.5900 – 0.5850
👇 What about those holding ENA? Should we buy more or stay out waiting for clearer signals? Share your comments!
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