🔥ENA/TRY CHART ANALYSIS :

1. Support and Resistance Levels:

Support:

Definition: Support is a price level at which an asset tends to stop falling and may reverse its direction.

Key Levels:

$16.94 (Current Price):** This is the immediate support level. If the price drops to this level, it could find buying interest.

$16.52 (24h Low): A stronger support level. If the price reaches this point, it may attract more buyers.

Resistance:

Definition: Resistance is a price level at which an asset tends to stop rising and may face selling pressure.

Key Levels:

$16.97: The first resistance level. If the price surpasses this, it could continue upward.

$16.98 (24h High): A significant resistance level. A breakout above this could signal further gains.

2. Entry Strategy:

Long (Buy) Entry:

- Consider going long (buying) if:

- The price bounces off the support levels ($16.94 or $16.52).

- There's confirmation of bullish momentum (e.g., candlestick patterns, moving average crossovers).

- Set a stop-loss below the support level to manage risk.

Short (Sell) Entry:

- Consider going short (selling) if:

- The price fails to break above the resistance levels ($16.97 or $16.98).

- There's confirmation of bearish momentum (e.g., reversal patterns, volume divergence).

- Set a stop-loss above the resistance level to limit losses.

3. Conclusion:

ENA/TRH appears to be in an uptrend, but always use additional technical and fundamental analysis before making any trading decisions. Remember that no strategy is foolproof, and risk management is crucial.

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