I will analyze the technical aspects of the pair $ENA /USDT:
1. Trend and Momentum Analysis:
- RSI (6,12,24) is fluctuating in the neutral zone of 40-50, indicating the market is in an accumulation phase
- The MACD Histogram is narrowing and approaching 0, signaling weakening momentum
- Bollinger Bands are contracting with prices fluctuating in the range of 1.15-1.17, indicating a potential breakout is imminent
2. Volume Analysis:
- The average trading volume over the last 4 hours is around 250-350K
- The Buy/Sell Volume ratio is fairly balanced around 50/50
- CMF20 and MFI14 are giving neutral signals
3. Scenarios for the next 4-24 hours:
Scenario 1 (60% probability):
- Price tests the 1.17-1.18 area as resistance
- If it cannot break through, it will adjust to 1.14-1.15
- Confirmation signs: Volume increases significantly when testing resistance
Scenario 2 (40% probability):
- Price breaks out above 1.18 with strong volume
- Next target 1.20-1.22
- Confirmation signs: RSI exceeds 60, MACD crosses up
4. Trading Recommendations:
- NOT recommended to LONG at this moment due to:
+ RSI has not given a clear signal
+ Price is facing strong resistance
+ Risk/Reward is not attractive
- Recommended Entry Points:
+ Long: Wait for price to test 1.14-1.15 with decreasing volume
+ Short: At the 1.17-1.18 area if bearish divergence appears
- Stop loss and Take profit should be set at a ratio of 1:2 or higher
5. Note:
- This analysis is based on technical data; it should be combined with fundamental analysis and appropriate risk management
- The market can experience sudden strong volatility, so close monitoring of developments is required
- Do not FOMO when prices rise/fall sharply; instead, wait for an appropriate entry point