Since ENA/USDT is consolidating at a strong daily support zone ($0.36 - $0.38) and showing bullish divergence on both RSI and MACD, you can look for a buying opportunity near this range.
The falling wedge breakout on D1 suggests that the market may be preparing for a short-term rebound. However, because the price is still under the Ichimoku cloud on D1 (meaning the main trend is still bearish), this trade should be treated as a short-term bounce, not a trend reversal yet.
My advice is:
Wait for a daily candle to close clearly above $0.38 - $0.40 with increased volume to confirm momentum.
If this happens, you can target the $0.44 - $0.45 area for a quick take profit.
If the breakout is strong enough, holding part of the position towards $0.49 is reasonable.
Place a stoploss just below $0.35 to protect against downside risk.
Be cautious, as if the price fails to hold above $0.36 and drops below $0.35, it could revisit lower levels like $0.32 - $0.33. So, proper risk management is key.
The falling wedge breakout on D1 suggests that the market may be preparing for a short-term rebound. However, because the price is still under the Ichimoku cloud on D1 (meaning the main trend is still bearish), this trade should be treated as a short-term bounce, not a trend reversal yet.
My advice is:
Wait for a daily candle to close clearly above $0.38 - $0.40 with increased volume to confirm momentum.
If this happens, you can target the $0.44 - $0.45 area for a quick take profit.
If the breakout is strong enough, holding part of the position towards $0.49 is reasonable.
Place a stoploss just below $0.35 to protect against downside risk.
Be cautious, as if the price fails to hold above $0.36 and drops below $0.35, it could revisit lower levels like $0.32 - $0.33. So, proper risk management is key.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。