Trading Strategy:

  1. Buy Point (BP):

    • Enter around 1.0300-1.0320 (just above MA(25) for momentum confirmation).

  2. Take Profit (TP):

    • TP1: 1.0450 (near upper Bollinger Band resistance).

    • TP2: 1.0550 (breakout target if momentum sustains).

  3. Stop Loss (SL):

    • SL: 1.0200 (below MA(99) and lower Bollinger Band).

  4. Leverage:

    • Recommended leverage: 3x–5x (medium risk due to overbought RSI(6)).

RSI Analysis:

  • RSI(6): At 70.64, it signals an overbought condition, suggesting caution for long entries. A short pullback could occur.

  • RSI(12) & RSI(24): Neutral to slightly bullish, indicating the overall trend might still sustain a slight upward movement.

Risk Management:

  • Monitor RSI for divergence signals or a drop below 50, indicating bearish momentum.

  • Avoid aggressive leverage due to the high RSI(6).

Key Observations:

  1. Current Price: 1.0370 (as per chart).

  2. Moving Averages:

    • MA(7): 1.0273

    • MA(25): 1.0348

    • MA(99): 1.0219

  3. Bollinger Bands:

    • Upper Band (UP): 1.0537

    • Lower Band (DN): 1.0194

  4. TRIX (9): 1.0335, suggesting momentum is slightly above the signal line.

  5. RSI Analysis:

    • RSI(6): 70.64 (overbought zone).

    • RSI(12): 55.34 (neutral).

    • RSI(24): 50.98 (neutral to slightly bullish).

  6. Volume:

    • ENA/USDT trading volume shows significant spikes, indicating active participation and potential breakouts.


#ENAUSDT🚨 #freesignal