$ENA /USDT 4H Chart Analysis🔥🔥

1. Current Price and Trend:

ENA/USDT is trading at $1.1790, with a sharp intraday increase of 24.03%. The pair has recently seen a significant breakout above the $1.00 support zone, indicating strong bullish momentum over the last few days.

2. Key Levels:

Resistance: $1.2304 (24H High)

Support: $1.1000 (recent consolidation area)

3. Long Entry Setup:

Entry: A long position can be considered on a pullback to the $1.12–$1.15 range, which aligns with recent support and avoids chasing highs.

Stop-Loss: Set the stop-loss just below $1.10 to protect against a breakdown.

Target: First target at $1.20 and second at $1.25.

4. Short Entry Setup:

Entry: Short positions are more appropriate if price fails to hold above $1.18 and shows rejection around $1.20–$1.23.

Stop-Loss: Place stop-loss above $1.24 to minimize risk.

Target: Target $1.12, and further downside to $1.05 if selling pressure increases.

5. Trend Bias:

Given the strong upside momentum (+435.86% in 90 days), the bias remains bullish. Look for long entries on pullbacks while cautiously watching for a rejection at resistance.

6. Conclusion:

Monitor price action near $1.18–$1.23 for confirmation. For long trades, wait for a retracement. For short positions, observe bearish candles around resistance. Trade cautiously with defined stop-losses to manage risk effectively.

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