Technical Analysis & Trade Signal for ENS/USDT
Current Price: $37.63 (Up +9.74% in 24h)
Trend: Bullish
The price is above the key support levels and the SAR (Stop and Reverse) indicator suggests an upward trend, with momentum moving towards higher levels.
Key Indicators:
24h High: $38.18
24h Low: $32.87
SAR (0.02, 0.2): $36.90 (indicating bullish support)
Trade Momentum: Strong bullish momentum with a 9.74% increase in 24 hours. A potential continuation of this trend is likely.
Trade Signal:
Buy Signal: Enter long positions near $37.63 or on any dips towards $36.90 (SAR support).
Target Levels:
First Target: $38.40 (recent price depth level)
Second Target: $39.50 (next resistance zone)
Third Target: $41.00 (psychological resistance)
Stop-Loss: Place a stop loss just below $36.00 (slightly below the SAR support level to minimize risk).
Summary:
With the bullish momentum and technical indicators supporting an upward move, the trade signal suggests entering a long position with three potential target levels: $38.40, $39.50, and $41. The momentum is strong, but a stop-loss around $36.00 is advisable to protect against sudden reversals.
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