$ENA /USDT on the 15-minute chart is showing a moderate upward movement, currently priced at 0.5017 with a 19.37% increase.
The price experienced a significant high earlier at 0.5540, marking the primary resistance level to watch. Should the price approach and surpass this resistance, it may trigger a continued rally.
The chart also indicates support around 0.4950, which is crucial to sustaining the current bullish trend. The RSI is at 42.56, suggesting that there is room for potential upward movement before it reaches overbought levels.
An optimal entry point would be between 0.5000 and 0.5050 to align with potential gains. Take-profit levels can be set at 0.5200 (TP1), 0.5350 (TP2), and 0.5500 (TP3) to secure profits incrementally.
A stop-loss should be placed just below the support at 0.4900 to manage risk effectively. This trade setup balances opportunities for profit while maintaining a secure risk management strategy.
