$ENA Based on the technical analysis of the ENA/USDT pair, I will provide the following insights:
1. Overview Analysis:
- Current Price: 1.0480 (-3.54%)
- 24h Trading Volume: 142.08M USDT
- Large Capital Inflow in 5 Days: -33.62M (indicating selling pressure)
2. Technical Analysis:
Indicators:
- RSI(14) = 49.26 is in the neutral zone
- MACD is currently flat with weak signals
- MA20 (1.0416) is above MA50 (1.0737)
- Bollinger Bands are narrowing, indicating decreasing volatility
3. Important Support/Resistance Levels:
- Strong Resistance: 1.3300 (highest peak)
- Near Resistance: 1.0893 (BB Upper)
- Near Support: 1.0138 (nearest bottom)
- Strong Support: 0.8400 (previous deep bottom)
4. Trend Assessment:
Short-term (4h-24h):
- In a correction trend with increasing selling pressure
- Margin capital flow is indicating cautious sentiment
- Decreasing trading volume shows that investors are waiting
5. Possible Scenarios:
Scenario 1 (60% likelihood):
- Price continues to adjust towards testing the 1.0138 area
- If this level holds, it may recover to 1.0800
Scenario 2 (40% likelihood):
- Price breaks below 1.0138
- May test the 0.9500-0.9700 area
6. Trading Recommendations:
Cautious Strategy:
- Wait for the price to test the support area at 1.0138 to open a position
- Stop loss: < 0.9900
- Take profit 1: 1.0800
- Take profit 2: 1.1200
- R/R ratio: 1:2
Note:
- The market is showing signs of weakness in the short term
- Should reduce size and leverage during this period
- Monitor volume to confirm the trend
- Be cautious with macro news that may affect the market