Price: 0.2682 | EMA7: 0.27 | EMA25: 0.28 | RSI14: 35.39 | Resistance: 0.378 | Support: 0.2617 | Average Volume: 31553716.79 | Volume Trend: Decreasing
Based on the 4-hour chart, ENAUSDT is showing a bearish trend with a decreasing volume trend. Here are my analysis and recommendations:
Support levels:
* Immediate support: 0.2617 (stop-loss above this level)
* Longer-term support: 0.2482 ( Potential buying opportunity)
Resistance levels:
* Immediate resistance: 0.2765 (resistance from the 7-25 EMA crossover)
* Strong resistance: 0.378 (above this level, a strong reversal is likely)
Long/Short Entry:
* Short entry: 0.2732 (broken support level from the ascending triangle)
* Long entry: 0.2482 (buy above the longer-term support)
Spot Buy:
* Wait for a bullish candle close above the 7-25 EMA crossover at 0.2765 for a spot buy. This could be a good buying opportunity with a target at 0.3000-0.3080.
Remember to set stop-losses, position sizes, and risk management according to your trading strategy.