$ENA

/USDT: Sharp Decline with Dip Momentum Confirm 📉💯💯🔥

Current Price: $0.9674

Daily Change: -16.44%

24h Range: $0.9311 – $1.1995

Technical Overview:

Support Levels: $0.9500, $0.9300

Resistance Levels: $1.0500, $1.1000

Trend: Bearish after a sharp 16% decline, but showing signs of stabilization near support.

Indicators:

MACD: Potential for a bullish crossover on the 1-hour chart.

Bollinger Bands: Price near the lower band, suggesting a possible bounce.

RSI: Near oversold territory, indicating a potential reversal.

Trading Strategy:

Entry: $0.9500 – $0.9700 (buy near support)

Stop-Loss: $0.9200

Targets:

First Target: $1.0500

Second Target: $1.1000

Risk-to-Reward Ratio: Approximately 1:2 or higher.

Sentiment:

Neutral to Slightly Bullish – The sharp drop presents a potential recovery opportunity if support holds. Monitor closely for signs of a rebound before entering.

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