$ENA Long Term Trading
š¹ Current Market Overview
ā¢ Current Price: $0.756
ā¢ 24h High: $0.7983
ā¢ 24h Low: $0.701
ā¢ Trend: Short-term pullback after a pump
š Indicators Analysis:
ā¢ RSI (6, 12, 24) ā Approaching oversold zone, meaning a potential bounce.
ā¢ MACD ā Bearish crossover, suggesting downward pressure.
ā¢ Moving Averages (MA/EMA) ā Still trending above key support, meaning price could stabilize soon.
ā¢ Volume ā Decreasing, indicating a possible slowdown in selling pressure.
š¹ Scalping Strategy (Short-Term, Quick Profits)
ā Best Entry for Long (Buy):
ā¢ Buy Range: $0.720 - $0.735
ā¢ Target: $0.765 - $0.780
ā¢ Stop-Loss: Below $0.710
ā Best Entry for Short (Sell):
ā¢ Sell Range: $0.776 - $0.798
ā¢ Target: $0.750 - $0.740
ā¢ Stop-Loss: Above $0.810
š¹ Short-Term Swing Trade (1-2 Days)
If youāre looking for bigger moves, you can:
ā¢ Wait for a confirmed breakout above $0.798 ā Target $0.820 - $0.850
ā¢ If price drops below $0.718, expect further downside to $0.685
š¢ Trading Tip:
ā¢ If FOMC meeting news causes a sudden pump or dump, adjust stop-loss levels.
ā¢ Watch for volume increase before entering trades.
š Next Steps:
š If price drops to $0.720 - $0.735, consider buying for a quick scalp.
š If price breaks $0.798 with strong volume, expect higher highs
