🚀 $ENA Idea (1-Hour Chart) 🚀

▶️ Entry Zone: 0.292 (Current price)

🛑 Stop Lost: 0.272 (24h Low)

🎯 Take Profit 1: 0.305 (24h High)

🎯 Take Profit 2: 0.340 (Recent resistance level)

📊 Analysis:

* Price is currently above all three EMAs (9, 21, and 50), indicating a bullish short-term trend.

* Recent price action shows a significant positive move, with a 6.57% gain in the last hour.

* RSI(14) at 48.62 suggests the asset is not overbought or oversold, indicating room for further upside.

* MACD (-0.001) is slightly negative but close to the signal line, showing potential for a bullish crossover.

* 24h trading volume (54.04M ENA) indicates moderate market activity.

The current setup suggests a bullish short-term outlook for ENA/USDT. The price has climbed above key moving averages, and the technical indicators point to positive momentum without being overbought. This setup provides a potential opportunity for a long position with favorable risk-reward.

⚠️ Caution:

* The price is approaching the 24h high, which could act as a short-term resistance level.

* Crypto markets can be highly volatile, and rapid price changes are possible.

* Consider tightening the stop-loss to manage risk, as the overall trend from the chart's high point is still downward.

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