The core of ENA's products lies in the arbitrage strategy. In the early days of a new coin's launch, the short-term market is often full of speculation, with large price fluctuations, which can easily attract investors to make quick purchases and sales in order to make profits. However, for novices who lack experience and skills, blindly following the trend can easily lead to getting stuck. Therefore, investors who do not understand the entry point must be cautious.
From a long-term perspective, ENA products are expected to achieve significant breakthroughs. With the overall rise of the market, copycat varieties are also likely to achieve larger gains. However, in this process, investors need to face risks such as being trapped, profit taking, and reduced capital utilization. Therefore, investors need to think carefully and assess their risk tolerance before deciding to invest.
The analysis of the ideas for making orders is as follows:
The market is currently showing that 0.876 is a strong support level. In technical analysis, a support level is usually a level that is difficult for the price to fall below. Once the price touches this level, it will often rebound with the support of buying. Currently, the technical indicators at the 1/2/4 hour level are all biased towards the short side, which indicates that the market pressure is high in the short term and is not suitable for excessive short chasing.
However, if the price can stabilize at the 0.93 level on the 15-minute level, it will provide us with an opportunity to buy a long order. This means that the market may rebound or reverse in the short term. However, it should be noted that due to the current overall bearish market trend, the profits brought by this long order opportunity may be relatively limited.
More importantly, if the price can stand firm at 1.010 on the daily level, the market may start a new round of upward trend. A firm stand at the daily level usually means a change in the long-term trend of the market, which will bring us greater profit space.
Patience and waiting are very important qualities during the trading process. Markets often take time to unfold gradually, rather than happening overnight. We need to be able to endure loneliness, hold on to the market, and not be easily affected by short-term market fluctuations.
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