$ENS

/USDT Technical Analysis and Trade Signal 🚀🎯

Technical Analysis:

1. Trend:

Current price ($43.11) is above the Bollinger Bands' middle band ($42.84) and the Parabolic SAR ($41.54), confirming a bullish trend.

The price is approaching the 24h high of $45.14, suggesting strong upward momentum.

2. Support and Resistance:

Immediate Support: $42.84 (Bollinger Middle Band).

Strong Support: $41.54 (SAR value).

Immediate Resistance: $43.75 (Bollinger Upper Band).

Key Resistance: $45.14 (24h High).

3. Momentum:

The 29.73% price increase and significant trading volumes indicate strong buying momentum.

Consolidation near resistance levels is possible if volume weakens.

Trade Signal:

Trade Setup: Long Position (Buy)

Entry Point: $43.00–$43.50 (on retracement or breakout above $43.75).

Targets:

1. 🎯 Target 1: $45.14 (24h High).

2. 🎯 Target 2: $46.50 (Psychological Resistance and momentum extension).

3. 🎯 Target 3: $48.00 (Fibonacci extension or bullish continuation zone).

Stop Loss: $41.50 (below SAR and strong support zone).

Trade Momentum:

Momentum Rating: Strong Bullish.

Confirmation: Break above $43.75 with increasing volume validates the trade; failure to sustain above $42.84 signals caution.

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