$ENA Analysis and Trading Plan.

Key Update.

Recent Short Liquidation. $5,715.4 occurred at $1.15254.

This indicates buying pressure likely from traders closing short positions which could lead to a potential price recovery or upward movement.

Buy Zone.

Entry Price. Look for a dip in the range of $1.1450 - $1.1525.

This zone is ideal for entering the trade as it aligns with support levels and recent price activity.

Targets (Take Profit)

1. Target 1. $1.1650

A safe exit point based on nearby resistance.

2. Target 2: $1.1750

The next resistance level for higher profits if momentum continues.

3. Target 3: $1.2000

A stretch goal for aggressive traders achievable if there is strong bullish movement.

Stop Loss

Stop Loss Level. $1.1400

Set below the support zone to minimize risk in case of a downward breakout.

What’s Next.

1. Market Sentiment Check

Watch for buying volume increases.

High volume near $1.1525 will confirm bullish momentum.

2. Monitor Key Levels.

$1.1650 is the immediate resistance breaking this level could signal a strong bullish trend.

3. News & Events

Keep track of market news or updates about $ENA as any sudden developments could influence price action.

4. Risk Management

Do not risk more than 2-3% of your portfolio per trade.

Stick to your trading plan strictly.

Quick Summary.

Buy Zone: $1.1450 - $1.1525

Targets. $1.1650, $1.1750, $1.2000

Stop Loss. $1.1400

This strategy is designed for both short term and medium term traders.

Always perform your own analysis and adjust according to market conditions.

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