$ENA Surges 21% – Is $1.20 the Next Breakout Zone?
Entry Zone: $1.18 - $1.20
Take-Profit Targets:
1. $1.22 (Immediate resistance)
2. $1.26 (Next breakout target)
3. $1.30 (Psychological resistance)
Stop Loss: Below $1.15
Market Insights:
$ENA has witnessed a strong bullish push, bouncing sharply from the $0.9466 low to test the key resistance at $1.20. The 1-hour chart shows:
Key Resistance: $1.20 is a critical level; a breakout above this could signal further upside.
Support Levels: $1.15 (near-term) and $1.12 (secondary support).
Volume Surge: 24-hour trading volume is up significantly, reflecting strong bullish participation.
Outlook: A decisive breakout and close above $1.20 could trigger a move toward $1.26 and possibly $1.30. Monitor volume and momentum closely to confirm the next trend.