$ENA: Volume Expansion Signals High Conviction Upward Move
LONG SETUP ENA
Entry: $0.21810 - $0.21990
Stop Loss: $0.20850
Take Profit: $0.24000 (2R)
Key Levels: Support $0.21810 | Resistance $0.22070
Technical Analysis for $ENA: ENA holds above the 0.2181 swing low, with price above EMA9 and EMA21. MACD histogram is positive, and RSI at 56.94 suggests momentum is building. The main risk is a break below 0.2181, which would invalidate the structure. Watch for a clean hold above this level before targeting the 0.2391 resistance zone.
Market Context: BTC is bearish on the 4H, but market breadth is broadly positive with 71.9% assets green. Orderbook shows a 13.55% bid imbalance
LONG $ENA
LONG SETUP ENA
Entry: $0.21810 - $0.21990
Stop Loss: $0.20850
Take Profit: $0.24000 (2R)
Key Levels: Support $0.21810 | Resistance $0.22070
Technical Analysis for $ENA: ENA holds above the 0.2181 swing low, with price above EMA9 and EMA21. MACD histogram is positive, and RSI at 56.94 suggests momentum is building. The main risk is a break below 0.2181, which would invalidate the structure. Watch for a clean hold above this level before targeting the 0.2391 resistance zone.
Market Context: BTC is bearish on the 4H, but market breadth is broadly positive with 71.9% assets green. Orderbook shows a 13.55% bid imbalance
LONG $ENA