$ENA /USDT Approaching Pivotal Decision Zone! đ„ Is a Major Breakout on the Horizon?
The ENA/USDT 15-minute chart reveals a steep descending channel, testing both support and resistance zones. With the price hovering around $0.3733, traders need to remain cautious, as the next moves will determine a breakout or deeper correction.
Current Market Analysis:
âą Resistance Level: The price faces significant resistance at $0.3850. A clean breakout above this level could drive the price toward $0.3925 and higher, with momentum buyers stepping in.
âą Support Zone: The price is testing the lower boundary of $0.3700. A breakdown below this could trigger panic selling, sending the price to $0.3650 or lower.
Entry Strategies:
âą Short Entry: If price rejects resistance at $0.3850, consider entering a short position with targets at $0.3700 and $0.3650. Set stop-loss at $0.3900 to limit risk.
âą Long Entry: For a bullish play, wait for a confirmed breakout above $0.3850, with targets set at $0.3925 and $0.4000. Set stop-loss at $0.3800 to secure capital.
Stay sharpâthis is a key moment that could drive a significant market move!
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