$ENA ---
### Scalping Strategy (1â15 Minutes)
#### 1. **Entry Strategy**
- Use the 1-minute to 15-minute charts for precise entries.
- Look for pullbacks to the 7-period MA or a cross of the 7-period MA over the 25-period MA with bullish confirmation on volume.
#### 2. **Target Points (TPs)**
- **TP1**: 0.4000 â a psychological level just below the recent high, for quick scalping profits.
- **TP2**: 0.4050 â near the recent resistance point of 0.4053, where a price reaction is expected.
- **TP3**: 0.4075 â an extended scalp target, if momentum and volume continue.
#### 3. **Stop Loss (SL)**
- Place SL at 0.3930, just below the most recent support level, to minimize risk.
- Adjust SL tighter as the price moves towards TPs to lock in profits.
#### 4. **Tips for Scalping**
- Aim for high-probability trades with small but frequent profits.
- Avoid holding positions through large market swings; close positions quickly if momentum fades.
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### Intraday Strategy (1 Hour)
#### 1. **Entry Strategy**
- Use the 1-hour chart and enter when price respects the 25-period or 99-period MA after a pullback.
- Confirm with a MACD cross into positive territory or RSI between 50 and 70 for upward momentum.
#### 2. **Target Points (TPs)**
- **TP1**: 0.4150 â a modest target near recent highs.
- **TP2**: 0.4200 â a psychological level where resistance may occur.
- **TP3**: 0.4300 â the next resistance level, for extended profits if bullish strength continues.
#### 3. **Stop Loss (SL)**
- SL at 0.3890, to limit downside if price reverses.
- Optionally use a trailing stop loss to lock in profits as the price moves upward.
#### 4. **Tips for Intraday Trading**
- Avoid overtrading; select trades with strong confirmations.
- Monitor volume closely; exit if volume declines, indicating weak follow-through.
---
### Long-Term Strategy (4 Hours to Daily Chart)
#### 1. **Entry Strategy**
- Use the 4-hour and daily charts for identifying long-term entry points.
- Enter on a clear breakout above 0.4053 with volume, confirming an upward trend continuation.
#### 2. **Target Points (TPs)**
- **TP1**: 0.4500 â a strong target if price sustains its uptrend.
- **TP2**: 0.5000 â a significant psychological level and a likely resistance point.
- **TP3**: 0.5500 â a stretch target for a sustained bull run over weeks to months.
#### 3. **Stop Loss (SL)**
- Set SL around 0.3650, below the 99-period MA on the 4-hour chart for a wider margin.
- Adjust SL based on market structure as price moves higher (e.g., move SL up to 0.4050 once TP1 is reached).
#### 4. **Tips for Long-Term Trading**
- Be patient and hold positions through minor fluctuations if long-term trend indicators remain bullish.
- Consider taking partial profits at each TP to secure gains, while letting a portion of the position run towards the next target.
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### Summary of TPs for Each Strategy
| Strategy | TP1 | TP2 | TP3 |
|----------------|---------|---------|---------|
| **Scalping** | 0.4000 | 0.4050 | 0.4075 |
| **Intraday** | 0.4150 | 0.4200 | 0.4300 |
| **Long-Term** | 0.4500 | 0.5000 | 0.5500 |
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### Plan B: Hedge or Reverse Strategy if Trade Moves Against You
- **If Scalping Goes Against You**: Exit quickly near the SL, re-evaluate, and wait for a better setup.
- **If Intraday Trade Fails**: Cut losses near SL; if price breaks down past the 99-period MA, consider shorting towards lower support levels.
- **If Long-Term Trade Fails**: Reassess if the price drops below 0.3650; consider reversing to a short trade if major support levels break.
### Final Thoughts
- Use a risk-reward ratio of at least 1:2 for each strategy.
- Monitor indicators like RSI, MACD, and volume for confirmation before entering or exiting trades.
- Be flexible and adjust strategies based on real-time market conditions.
### Disclaimer
This analysis is intended for educational purposes and is not financial advice. Always use proper risk management.
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