The $ENA /USDT 15-minute chart is displaying positive momentum, with the current price at 0.5155, marking a 23.00% increase over the last 24 hours.
The price previously peaked at 0.5540 before retracing. For traders considering entry, a suitable point would be around 0.5130 to capitalize on a potential rebound.
Immediate resistance is identified at 0.5300, with profit targets set at 0.5400 (TP1), 0.5500 (TP2), and the recent high of 0.5540 (TP3) for stepwise profit realization.
On the lower side, support is located at 0.5000, which could act as a buffer against downward movement.
A stop-loss (SL) should be placed at 0.4950 to manage risk effectively. This setup is designed to offer potential gains while ensuring downside protection in case of a price reversal.
