【$ENA Signal】1H level buildup, waiting for breakout confirmation, pullbacks mainly for long positions

$ENA The 1H level is oscillating narrowly near the critical EMA moving averages, with the price hovering around 0.1108. The 1H EMA20 (0.1109) provides immediate support, while the 1H EMA50 (0.1117) forms the first resistance above. The 4H level remains in a weak correction within a downtrend channel, but the 1H structure shows weakening downward momentum, with RSI (49.06) approaching neutral, leaving room for upward correction. Market depth data shows that buy orders are unusually thick in the 0.1090-0.1100 range, forming a strong support zone, while sell orders are relatively concentrated at 0.1115-0.1120. Breaking through this zone could open up space for upward movement.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.1105 - 0.1110 (Reason: Retracement to 1H EMA20 support zone and dense buy orders in the order book)

🛑 Stop-loss: 0.1090 (Reason: Falling below recent 4H low and the strongest support zone in the order book)

🚀 Target 1: 0.1125 (Reason: 1H previous high resistance and 4H EMA20 resistance level)

🚀 Target 2: 0.1145 (Reason: 4H Fibonacci 0.382 retracement level and previous small platform)

🛡️ Trading Management:

- Position size suggestion: Light position (Reason: 4H trend has not fully turned bullish, indicating a left-side game)

- Execution strategy: After reaching Target 1, move stop-loss to entry price (break-even). For remaining positions, look toward Target 2. If the price encounters resistance in the 0.1115-0.1120 zone and a long upper shadow appears on the 1H chart, consider partial profit-taking in advance.

Depth logic: The current negative funding rate (-0.0194%) indicates strong bearish sentiment, but open interest (OI) remains stable, and the price has not further declined, suggesting a potential short squeeze. The 1H RSI has rebounded from lows; if the price can hold above the 1H EMA50, it will confirm a short-term momentum shift. Key is whether volume can break through 0.1120; once broken, resistance above is sparse, and a quick test of the 0.114 zone is possible.

Check real-time quotes 👇 $ENA

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