The current analysis of the $ENA /USDT 15-minute chart shows a significant surge in price, with the current trading price at 0.5002, reflecting a strong 32.29% increase. The 24-hour high and low are noted at 0.5140 and 0.3744, respectively. The upward momentum is supported by trading volume, with 275.51M ENA and 118.63M USDT in play over the same period.
Key resistance for ENA/USDT is observed at 0.5140, marking a potential breakout point if momentum continues. The immediate support level is identified at 0.4834, which should be closely watched as a cushion for any downward movement.
Traders looking for entry points might consider entering around the current price of 0.5002, capitalizing on the current momentum with close profit targets set at 0.5100 for TP1, 0.5140 for TP2, and 0.5200 for TP3, allowing for incremental gains as the price climbs.
To mitigate potential downside risk, a stop-loss level should be placed at 0.4800, providing a safety net to limit losses if the trend reverses unexpectedly.
This trade setup strikes a balance between seizing upside opportunities while maintaining disciplined risk management.
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