#ENA/USDT setting up for its next leg higher.

Feb 21

#ENA

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.

There is a key resistance zone in green at 0.1050. The price has bounced off this zone several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.110
First Target: 0.1126
Second Target: 0.116
Third Target: 0.120

Stop Loss: At the resistance zone in green.

Remember this simple thing: Money Management.

For any questions, please leave a comment.

Thank you.

Feb 26

Trade closed: target reached

#ENA
First Target: 0.1126 Reached
Second Target: 0.116 Reached
Third Target: 0.120 Reached