đ„ $ENA 4H: Bulls Defending Support â Recovery or Another Rejection?
đ Market Bias: Neutral â Slightly Bullish $ENA is attempting a recovery after a sharp selloff from 0.0932 to 0.0770. Price is reclaiming the short-term MA(7), but it remains below the MA(25) and MA(99), so confirmation is still needed.
đŻ Trade Setup: WAIT â LONG on confirmation
Entry Zone: 0.0815â0.0825 (after a confirmed bullish 4H close)
Stop Loss: Below 0.0790
TP1: 0.0835
TP2: 0.0860
TP3: 0.0890
Risk:Reward: Around 1:2.5
Trade Invalidation: A 4H close below 0.0790 cancels the bullish setup.
đ Technical Analysis
Price Action: Higher low forming after the recent bounce.
Market Structure: Recovery attempt, but overall trend is still below major resistance.
EMA/MA: Price is above MA(7) but still below MA(25) & MA(99), making this an early reversal setup rather than a confirmed trend change.
Volume: Buying volume improved during the rebound but remains below breakout levels.
SMC: Liquidity was swept below 0.0770 and demand reacted. A break above the recent swing high would strengthen the bullish case.
Support: 0.0790â0.0800
Resistance: 0.0835, 0.0860, 0.0890
#ENA #ENAUSDTđš #ENAè”°ćżćæ #ENAæșèœçç„ćșđ„đ„ #ENAUSDT
đ Market Bias: Neutral â Slightly Bullish $ENA is attempting a recovery after a sharp selloff from 0.0932 to 0.0770. Price is reclaiming the short-term MA(7), but it remains below the MA(25) and MA(99), so confirmation is still needed.
đŻ Trade Setup: WAIT â LONG on confirmation
Entry Zone: 0.0815â0.0825 (after a confirmed bullish 4H close)
Stop Loss: Below 0.0790
TP1: 0.0835
TP2: 0.0860
TP3: 0.0890
Risk:Reward: Around 1:2.5
Trade Invalidation: A 4H close below 0.0790 cancels the bullish setup.
đ Technical Analysis
Price Action: Higher low forming after the recent bounce.
Market Structure: Recovery attempt, but overall trend is still below major resistance.
EMA/MA: Price is above MA(7) but still below MA(25) & MA(99), making this an early reversal setup rather than a confirmed trend change.
Volume: Buying volume improved during the rebound but remains below breakout levels.
SMC: Liquidity was swept below 0.0770 and demand reacted. A break above the recent swing high would strengthen the bullish case.
Support: 0.0790â0.0800
Resistance: 0.0835, 0.0860, 0.0890
#ENA #ENAUSDTđš #ENAè”°ćżćæ #ENAæșèœçç„ćșđ„đ„ #ENAUSDT