📈 $ENA /USDT Chart Analysis:

🔍 Key Observations: #ENAUSDT🚨

1. 📉 Rejection from Upper Trendline:

The price got rejected from the upper trendline, indicating strong selling pressure near higher levels.

2. 🔐 Resistance Level:

The $1.14 zone is acting as a major resistance, preventing upward movement.

3. 📉 Potential Downside:

A short-term pullback seems likely due to the rejection near resistance.

4. 🛠️ Support Levels:

The $1.00 trendline could act as a strong support, providing a potential bounce-back area.

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💡 Trading Insights:

1. 📉 Short-Term Bearish Sentiment:

Look for bearish candle confirmations near the $1.14 level to consider short opportunities.

2. 📈 Long Opportunities:

A retest near the $1.00 support could offer an ideal entry point for long positions if bullish signals (e.g., volume spike or reversal patterns) emerge.

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📊 Levels to Watch:

🔴 Resistance Levels:

$1.14: Current major resistance.

$1.21: Bull breakout level.

🟢 Support Levels:

$1.00: Trendline support.

$0.96: Major support zone.

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🎯 Strategy:

1. 📉 Short Position:

Entry: Below $1.14 resistance after bearish confirmation.

Stop-Loss: Above $1.21.

Target: $1.00 or $0.96.

2. 📈 Long Position:

Entry: Near $1.00 support with bullish reversal confirmation.

Stop-Loss: Below $0.96.

Target: $1.14 and possibly higher levels.

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⚠️ Important Notes:

🧭 Volume: Watch for spikes in volume to confirm the strength of a breakout or breakdown.

🌐 Market Sentiment: Keep tabs on news or sentiment changes that could impact price action.

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📜 Disclaimer:

This analysis is for educational purposes and does not constitute financial advice. Always do your own research and consult with a financial advisor before making trading decisions.