Technical Analysis & Trade Signal for ENA/USDT
Current Price: $0.9332
24h Change: +14.29%
Technical Indicators:
Parabolic SAR: 0.9499 (bullish trend, price is above the SAR value, indicating potential continuation of upward movement)
Support: $0.8001 (24h Low)
Resistance: $0.9689 (24h High)
Trade Signal:
Buy signal, considering the bullish momentum observed with an upward trend and a 14.29% increase in price.
Target Levels 🎯:
1. Target 1: $0.9500 — near the SAR value and first resistance.
2. Target 2: $0.9700 — breaking through resistance; higher probability of continuation.
3. Target 3: $1.00 — psychological level, should price momentum remain strong.
Trade Momentum:
The market is showing positive momentum with an upward trend, supported by increasing volume and a strong 24h price change. Watch for any price retracement to the $0.9000 level as a potential entry point.
Risk Management:
Stop-Loss: $0.8900, just below the support area, to protect against unexpected downside movement.
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