$ENA

Daily chart trend, analysis and trading strategy:

Point analysis

1. Support levels:

• First support level: $0.9860 (Position of MA25 moving average)

• Second support level: $0.5562 (Position of MA99 moving average)

2. Resistance levels:

• First resistance level: $1.1154 (24-hour high)

• Second resistance level: $1.3300 (Recent high)

Bull and bear directional forecast

• Short-term trend: Currently, ENA price is near MA7, with strong support from short-term moving averages, showing a slightly strong oscillating trend.

• Bullish signal: If the price stabilizes above $1.05 and breaks through $1.1154, it is expected to test $1.33.

• Bearish signal: If it falls below $0.9860, it may further retrace to $0.5562.

Strategy suggestions

Long position

• Entry point: Stabilizing in the range of $1.00-$1.05 for entry.

• Take profit target: $1.1154, $1.33.

• Stop loss point: $0.98.

Short position

• Entry point: Entering in the range of $1.11-$1.12 where it faces resistance.

• Take profit target: $1.00, $0.9860.

• Stop loss point: $1.15.

Conclusion

The current trend of ENA is relatively strong, but attention should be paid to the breakout situation at the short-term resistance level of $1.1154. It is recommended that investors develop a flexible trading plan based on key support and resistance levels, combined with changes in trading volume to further confirm the trend direction.

Welcome to follow, so you won't get lost. Every day we will analyze the trends and levels of mainstream cryptocurrencies and popular altcoins, wishing everyone prosperity and a bountiful year!