The $ENA /USDT 15-minute chart indicates a notable upward trend with the current price at 0.5072, reflecting a 20.10% gain in the past 24 hours.
The price reached a recent high of 0.5540 but has since pulled back. For those considering an entry, a strategic point would be around 0.5050 to catch potential bullish momentum.
Immediate resistance is marked at 0.5200, with profit targets at 0.5300 (TP1), 0.5400 (TP2), and the recent high of 0.5540 (TP3). On the lower end, support is at 0.4900, which acts as a cushion for retracements.
To manage risk effectively, a stop-loss (SL) can be placed at 0.4850, just below the support.
This approach enables traders to position themselves for potential upward moves while maintaining protective measures against downward pressure.
