【$ENA Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$ENA The 1H timeframe has experienced a volume-driven rally and is currently in a healthy pullback and consolidation phase, with the price supported near key EMA lines. The 4H timeframe has formed a clear upward trend, with the price staying above the EMA20 and open interest remaining stable, indicating that the rally is not purely driven by short sellers and showing signs of main force support. The current price is far from the suggested entry zone, so chasing high is not advisable. Be patient and wait for a pullback opportunity.

🎯Direction: Long (pullback limit order)

⚡Entry/Limit Order: 0.1116 - 0.1141

🛑Stop Loss: 0.1085

🚀Target 1: 0.1200

🚀Target 2: 0.1240

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price of 0.1141. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the moving stop loss, exit all positions.

Depth Logic: The 4-hour chart shows the price has broken through the recent oscillation upper boundary, with volume significantly increasing, which is a strong signal of trend initiation. The RSI on the 1-hour chart has fallen from high levels to a healthy zone, preparing for another upward move. The order book shows very deep buy-side support, with a large number of buy orders accumulated below 0.1150, forming a strong support level. Open interest remains stable during the price increase, indicating that bullish positions are firm and not just short-term speculation, providing sufficient upward momentum. Combined with positive funding rates, market sentiment is bullish but not overheated, making it an ideal environment for trend-following trades.

View real-time market 👇 $ENA

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