📉 $ENA – Potential rebound opportunity from the oversold area
Trading plan (Buy trade):
• Entry area:
0.2660 – 0.2580
• Stop loss:
0.2500
• Targets:
TP1: 0.2760
TP2: 0.2930
🔍 Support and resistance levels
EMA50 at 0.2739 acts as a strong dynamic resistance, rejecting the price whenever it tries to rise above it.
Level 0.2636 represents an important support floor that has prevented the price from dropping further multiple times.
📊 Technical indicators
RSI (6) in the oversold area (23.29), supporting the likelihood of a near-term upward rebound.
MACD is still negative, but the DIF line has started to bend towards DEA → indicating weakening selling momentum and an approaching reversal attempt.
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📈 Market outlook
If the price fails to maintain the level of 0.2630, we may see a rapid decline towards 0.2498 to retest the bottom.
However, if it breaks 0.2770 firmly, that could open the way toward 0.2935 easily.
Buy and trade $ENA 🔥🚀
