ENAUSDT LONG TRADE SETUP:
Entry Points:
Current Market Price (CMP): $1.0630
Pending Buy Limit Order: $1.049
Stop Loss (SL): $1.025
Place this below the recent swing low and trendline support for safety.
Targets:
Target 1 (TP1): $1.20
Target 2 (TP2): $1.30
Analysis from the Chart
The chart suggests a successful breakout of a descending trendline, with a potential retest happening around the CMP. This aligns with the idea of entering near $1.049 for a safer entry.
The 50-period Moving Average (MA) is acting as a dynamic support. A bounce above this level increases the probability of continuation toward the targets.
Ensure volume is picking up to confirm the uptrend.
DYOR, NFA