$ENA /USDT Technical Analysis & Trade Signal๐ฅ๐ฅ๐ฅ๐ฅ
Current Price: $1.14 (Up 15.38%)
Key Levels:
Support Level 1: $0.8400 (24h Low)
Support Level 2: $1.00 (Psychological level)
Resistance Level 1: $1.2275 (24h High)
Resistance Level 2: $1.30 (Near-term target)
Resistance Level 3: $1.50 (Long-term target)
Momentum:
Bullish Momentum: ENA/USDT is showing strong bullish movement with an increase of 15.38% in the last 24 hours. The 4-hour timeframe indicates positive momentum (17.2566%).
Volume Analysis: The 24h volume for ENA and USDT is strong (404.28M ENA, 408.58M USDT), confirming the buying interest.
Technical Indicators:
Relative Strength Index (RSI): RSI is approaching the overbought region (above 70), indicating the possibility of a slight pullback.
Moving Averages: The price is above key moving averages (50 EMA and 200 EMA), confirming the bullish trend.
Trade Signal ๐:
Entry Point: $1.10 (If price consolidates near current levels and holds above $1.00, it could be a solid entry point).
Targets:
1. Target 1: $1.2275 (Short-term Resistance)
2. Target 2: $1.30 (Next resistance zone)
3. Target 3: $1.50 (Long-term Resistance)
Stop Loss: $1.00 (to limit losses in case of a downside movement)
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