1️⃣ Overall Trend
• Long-term trend (Weekly/Monthly):
• “The price is far below its all-time high (~$1.52).” ✅
• Medium-term trend is bearish, but price is trading in an accumulation zone $0.22 – $0.30
• This means the price may consolidate within this range before any major breakout 🔄
• Short-term trend (1H – 4H):
• Weak uptrend inside support zone $0.23 – $0.245
• Could be a temporary buying opportunity with a tight stop-loss ⚡
2️⃣ Key Support & Resistance Levels
Support 1 ✅ $0.230 – $0.235
Support 2 🛑 $0.218 – $0.222
Resistance 1 $0.255 – $0.260
Resistance 2 $0.280 – $0.285
High / Psychological Resistance $0.310 – $0.340
Note:
• $0.23 is critical short-term support
• $0.28 – $0.30 is strong resistance, likely needing BTC bullish momentum for a breakout 🚀
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3️⃣ Technical Indicators
• RSI (14): ≈ 52 → Neutral, room for both upward or downward movement
• MACD: Blue line close to orange line → sideways movement; bullish crossover could trigger short-term pump 📈
• EMA 20 & 50 (4H):
• Price above EMA 20 → short-term support
• Price below EMA 50 → confirms medium-term bearish bias
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4️⃣ Trading Scenarios (Spot / Futures)
🟢 LONG (Buy)
• Entry Zone: $0.230 – $0.245
• Stop Loss (SL): $0.215
• Targets:
• Short-term TP: $0.255 → $0.260
• Medium-term TP: $0.280 → $0.285
• Long-term TP (breakout): $0.310 → $0.340 🚀
🔴 SHORT (Sell)
• Condition: Break below strong support $0.215 with high volume
• Stop Loss (SL): $0.230
• Targets: $0.195 → $0.180
⚠️ Note: High leverage is risky for ENA due to volatility.
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5️⃣ Risk Management
• Risk no more than 2–5% of capital per trade 💰
• Split entries into 2 phases to reduce exposure
• Move Stop Loss to Break Even after hitting TP1 ✅
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6️⃣ Summary
• $ENA is currently in a strong short-term support zone → potential entry point
• Long-term trend is still bearish → expect volatility 🔄
• $BTC trend will strongly affect ENA
• Always use Stop Loss due to medium liquidity and large price swings ⚡
