$ENA /USDT Trade Alert: Bullish Head and Shoulders Pattern! ๐**
Hey fam! ๐
Weโve identified a classic bullish pattern on ENA/USDT that could lead to significant gains. Hereโs the scoop:
**๐ Trade Details:**
- **Pattern:** Inverse Head and Shoulders
- **Entry Point:** 0.971 USDT
- **Stop Loss:** 0.801 USDT
- **Target:** 1.299 USDT
**Technical Analysis:**
1. **Inverse Head and Shoulders Pattern:**
- **Left Shoulder:**
Formed in early May.
- **Head:**
Formed mid-May, marking the lowest point.
- **Right Shoulder:**
Currently forming, indicating a potential upward breakout.
- **Neckline:**
The critical resistance level around 0.971 USDT.
2. **Price Action:**
- A breakout above the neckline at 0.971 USDT signals a strong bullish trend.
- The target for this pattern is set at 1.299 USDT, a significant upside from the current levels.
3. **Risk Management:**
- **Stop Loss:**
Placed at 0.801 USDT to protect against downside risk.
Why ENA?
- **Technical Breakout:**
The inverse head and shoulders is a reliable reversal pattern, suggesting a bullish move ahead.
- **Potential Gains:**
If the pattern completes, we are looking at a substantial profit potential up to 1.299 USDT.
**What's Next:**
- **Entry:** We are entering the trade at the neckline breakout of 0.971 USDT.
- **Monitor:** Keep a close eye on the price action, especially around the neckline and the target zone.