Trading Signal Alert for$ #CPI4MonthsHigh ENA/USDT$$BNB on the 4-Hour Chart

Overview: The ENA/USDT pair has shown strong upward momentum, as evidenced by a 26.08% price increase in the last 24 hours. The price has broken above key moving averages (MA7, MA25, and MA99), suggesting bullish sentiment. The 4-hour candlesticks indicate a potential breakout, with the current price holding at $1.1012, near the 24-hour high of $1.1026.

Key Levels:

Resistance:

$1.11 (local resistance)

$1.15 (major resistance level)

Support:

$1.00 (psychological level and MA7 support)

$0.87 (24-hour low and MA99 support)

Trading Plan:

Entry Price: Consider entering near $1.10 if momentum holds above the $1.00 support level.

Take-Profit Targets:

1. $1.12

2. $1.15

3. $1.20

Stop-Loss: Place at $0.98 to manage downside risk, below MA25 and key support.

Cautionary Note:

Watch for stability around the $1.10 level. A sustained move above $1.11 could signal further bullish continuation, but failure to hold could lead to consolidation or retracement toward $1.00. Monitor trading volumes and candlestick patterns for potential breakout confirmation.