ENS/USDT Technical Analysis & Trade Signal
Current Price: $37.40
Price Action: The price has been showing an upward trend, with a significant +13.40% increase. Currently, it is near the support level of $37.40.
Resistance Level: $38.18 (24h High)
Support Level: $32.87 (24h Low)
SAR Indicator: $37.63 (indicating a slight bullish trend)
Momentum: Positive (upward momentum in the last 24 hours with increasing volume)
Trade Signal:
Trend: Bullish
Entry Point: Consider entering at or near $37.40 if the price consolidates above this level.
Target Levels 🎯:
1. Target 1: $38.18 (Near 24h High)
2. target 2: $40.00 (Psychological resistance level)
3. Target 3: $42.00 (Next major resistance zone)
Trade Momentum:
Volume: 1.27M ENS and 45.16M USDT traded, showing high activity, supporting the bullish momentum.
Stop Loss: Place a stop loss around $35.23 (near SAR and lower support) to manage risk.
Conclusion:
The overall trend is bullish with strong momentum, and the price is poised to test higher resistance levels. A break above $38.18 could trigger further upward movement towards $40.00 and $42.00.
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