【$ENA Signal】Pullback to buy! 1H oversold rebound + 4H key support, clear signs of main force defending the market

$ENA The 1H RSI has entered the oversold zone (38.49), with the price forming a short-term support platform in the 0.1213-0.1232 range, and buy volume significantly increasing below 0.122. Although the 4H trend is downward, the EMA50 (0.1227) is close to the current price, forming a critical support. Open interest (OI) remains stable; the price has fallen but has not triggered widespread liquidation, indicating that the main force may be defending the market or accumulating positions. The buy volume depth on the 1H chart is imbalanced (4.38%), with selling pressure concentrated between 0.1235-0.1245. A breakout here could trigger short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1225 - 0.1230 (Reason: Rebound off the lower boundary of the 1H support platform and 4H EMA50 support, with dense buy volume zones )

🛑Stop Loss: 0.1210 (Reason: Break below the 1H platform low of 0.1213 and the integer level, creating a support vacuum )

🚀Target 1: 0.1260 (Reason: Resistance at the previous high on the 1H chart and EMA20 pressure )

🚀Target 2: 0.1295 (Reason: Previous high resistance on the 4H chart, also the upper boundary of the recent consolidation zone )

🛡️Trading Management:

- Position size suggestion: Light position (Reason: Overall trend remains volatile, higher risk )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1230. If the price strongly breaks through 0.1260 and stabilizes, consider targeting 0.1295 for the remaining position.

Depth logic: The current price decline is accompanied by increased buy volume depth (large orders below 0.122), while sell orders above 0.1235 are relatively sparse, indicating strong support below. The 1H RSI shows early signs of divergence, with the price making new lows but RSI not confirming. Funding rates are slightly positive (0.0050%), indicating no excessive leverage risk. Coupled with stable and high open interest, this appears to be a healthy pullback and shakeout rather than a main force dump. The key trigger point is whether the price can hold above 0.1235 and absorb the thin sell orders above.

Trade here 👇 $ENA

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