$ENA/USDT is currently trading at 0.5085 on the 15-minute chart, showing a 20.84% increase. The price has seen a peak at 0.5540, marking a strong resistance level to monitor for a potential breakout. The RSI stands at 54.70, indicating moderate momentum with room for potential growth. Support is observed at 0.4950, which is a critical level to maintain for continued bullish movement.
An entry for a trade around 0.5050 to 0.5100 could be strategic to take advantage of the uptrend. Take-profit levels can be set at 0.5250 (TP1), 0.5400 (TP2), and 0.5550 (TP3) for incremental exits. A stop-loss should be positioned below the support at 0.4900 to manage risk effectively.
This setup provides a balanced strategy, allowing for profit capture while mitigating downside exposure.
