đšđšHey!!!! dear Stargazer đšđš
đ đ„đ„đ„ENA/USDT Trade Update đđ„đ„đ„
đ đ đ đ Congratulations to those who took the first trade! đÂ
đ„đ„The initial move was successful, and now we find ourselves at an interesting juncture. Letâs dive into the details:
đšCurrent Situation: Resistance Zone Reachedđš
The price of ENA/USDT has reached a significant resistance zone. This is a critical area where we need to exercise caution.
As traders, we must recognize that this is a zone to do nothing. The market is at a pivotal point, and impulsive decisions may not be wise.
đšđšPrice Behavior and Potential Retracement:đš
ENA has a tendency to retrace within the range of 0.5 to 0.618 Fibonacci levels. Alternatively, it could experience a deeper retracement back to the starting point of this bullish run (i.e., the higher low).
Keep a close eye on these levels as they provide potential entry points.
Three Different Strategies to Consider:
đ„Strategy 1đ„ (Buy the Dip):
If the price goes down, consider entering at the following levels:
Entry 1: Buy between 1.352 and 1.325.
Entry 2: Buy between 1.253 and 1.248.
đ„Strategy 2 đ„đ„(Breakout Confirmation):
For a bullish confirmation, the price needs to close above 1.481 in the 4-hour time frame.
đšđšRisk Managementđšđš
Set your stop-loss (SL) between đš1.089 and 1.058.
Target profit (TP) levels are đš2.9 to 2.78.
đ đ„Plan Your Trade Accordinglyđ đ„
Evaluate your risk tolerance, consider your trading style, and plan your moves accordingly.
Remember, successful trading involves both strategy and discipline.
Wishing all stargazers the best of luck! đ May your trades be profitable and your analysis spot-on. đđ«
Disclaimer: This post is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making any trading decisions. đđĄ#cpi #TradeNTell #bitcoinhalving #BullorBear $BTC $BNB $ENA
