$ENA Price Analysis
$ENA has seen a notable surge, rising from a 24-hour low of $0.8400 to its current price of $1.2030, reflecting a strong 25.93% gain. This bullish momentum is approaching a critical resistance level, with further upside potential.
Key Levels to Watch:
Resistance: $1.2079 (Current 24-hour high)
Support: $1.0914
Trade Setup:
Long Entry: Consider entering near $1.2030 upon confirmation of a breakout above $1.2079.
Targets:
1. $1.3000 (Short-term target)
2. $1.4000 (Next major target)
Risk Management:
Stop-Loss: Set at $1.0800 to manage downside risk effectively.
Pro Tip: Rising volume suggests that a breakout above $1.2079 could fuel a rally toward higher targets. However, be cautious of potential retracements toward the $1.0914 support level. Maintain disciplined risk management to navigate this volatile environment.
