$ENA /USDT Technical Analysis Update š„šÆ
š Current Price: $1.1516
š 24H High: $1.2275 | 24H Low: $0.8400
Market Insights:
1. Bullish Momentum: A strong uptrend persists, with the price consolidating near $1.15 after a healthy pullback.
2. Support Zone: Robust support observed at $1.10 - $1.12, indicating a potential accumulation area.
3. Resistance Levels: Immediate resistance at $1.20, with a successful breakout targeting $1.30+ in the short term.
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Trade Levels:
Long Entry:
Buy Zone: $1.12 - $1.14
Targets: $1.20 and $1.30
Stop Loss: $1.08
Short Entry:
Sell Zone: $1.20 - $1.22 (if rejection occurs)
Target: $1.10
Stop Loss: $1.24
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Next Market Move:
Bullish Case: A breakout above $1.20 could propel the price toward $1.30 and beyond.
Bearish Case: Failure to hold above $1.15 might trigger a short-term correction toward $1.10.
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š” Pro Tip: Secure partial profits as targets are reached, and trail your stop loss to safeguard gains!
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