📈 ENA/USDT: Bottom Is In? Reversal Signs on the Daily Chart! 🚀
🔍 Key Technical Observations:
The Bottom Support: After hitting a recent low of 0.0699,
$ENA has found strong buying interest. It is currently trading at 0.0874, showing a decent recovery (+2.22%) from the absolute lows.
RSI (Relative Strength Index): The RSI(6) is currently sitting comfortably at 56.08. It has successfully bounced from the oversold territory and is now trending upwards, indicating growing bullish momentum.
Resistance Levels to Watch: The immediate short-term resistance lies around the 0.0973 to 0.1127 zone. If ENA can break and hold above 0.10, the next major target will be 0.1282 and eventually a retest of 0.1401.
Order Book Sentiment: The current order book shows a slightly higher sell wall (Ask) right at the current price, but the buying momentum (Bid) is holding steady at 0.0873, keeping the price stable.
💡 Trading Strategy:
Accumulation: For spot buyers, DCA (Dollar-Cost Averaging) in this 0.080 - 0.087 range could be a solid move.
Confirmation: Breakout traders might want to wait for a daily candle close above 0.097 for a safer entry towards higher targets.
What are your thoughts on
$ENA ? Are you bagging more at these prices, or waiting for another dip? Let me know in the comments below! 👇
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