Entry Strategy in $ENA
ENA/USDT: Dare to Move!
ENA/USDT is a cryptocurrency pair that has gained popularity in the market for its focus on blockchain technology for DeFi (decentralized finance) projects. ENA is the native token of a platform designed to optimize scalability and interoperability between different blockchains, providing fast and low-cost solutions for decentralized applications (DApps).
Technical Analysis:
The chart of $ENA /USDT shows a key bounce from $0.84, confirming support and showing an explosive recovery with bullish candles and increasing volume in the 1H and 4H timeframes. Currently, it is at $1.18, consolidating after a surge that led to recent highs of $1.33.
• RSI: In a high zone but without extreme overbought signals, suggesting room for continuation.
• Volume: Significant increase, indicating strong buying interest.
• MA(7): Maintains dynamic support at $1.13.
Aggressive Strategy: Catch the Rally
1. Entry: At $1.20-$1.22 to secure a position in the consolidation.
2. First target: $1.33 (previous resistance).
3. Second target: $1.50 if it breaks with volume.
4. Stop Loss: Secure it at $1.10 to limit risk.
5. Management: Keep 50% to capture a possible bullish extension towards $1.60.
Moderate Strategy: Safe Entry
1. Entry: Wait for a pullback to $1.10-$1.12 (support zone).
2. First target: $1.25.
3. Second target: $1.33.
4. Stop Loss: $1.05, adjusted to protect capital.
5. Management: Exit completely at key resistances to secure profits.
Don't miss the opportunity to join the momentum!
The content of this article is for informational purposes only; always adjust according to your risk profile and follow the movement with discipline.