$ENS Price Analysis and Future Outlook
1. The price of $ENS has fallen from the $27 area many times, showing that there is strong selling pressure and resistance in this area.
However, after each pullback, the market will gradually absorb the selling, and the selling pressure of the sellers will gradually weaken.
2. Main resistance level: $27.
This is a key resistance level, which has been tested many times and failed to break through, indicating that a large buying force is needed to break through.
-Support level: The recent callback lows and technical indicators can be observed to confirm the support level.
If the price rebounds several times at a lower point, it can be identified as short-term support.
3. If the price can effectively break through the $27 resistance level and is accompanied by an increase in trading volume, it is expected to start a new round of rising market.
The next target can be set at $120, which is a long-term technical target.
For the future outlook of $ENS
1. Breaking through the $27 resistance level will mark a major shift in market sentiment and may trigger a large number of follow-up buys.
This means that the selling pressure of sellers has been absorbed by the market and the buying force is dominant.
2. The target price is set at $120, which is a large increase and represents the market's recognition of the long-term value of ENS.
This target price may be based on an important resistance level or psychological price in the technical chart.
3. If the market momentum is strong and the trading volume continues to increase after breaking through $27, it means that investors are confident and there is a high possibility of further increases.
Personal trading strategy
1. Entry strategy: Wait for the price to effectively break through $27 and enter the market when the trading volume increases. You can enter the market in batches to ensure that there is a reasonable position allocation at the beginning of the price breakthrough and after the breakthrough is confirmed.
2. Stop loss setting: The initial stop loss can be set below $26 to ensure that the price stops in time when it falls back below the resistance level to control the risk. As the price rises, the stop loss level can be gradually increased to lock in profits.
Personal conclusion:
The ENS price has fallen back several times in the $27 area, but the market gradually absorbs the selling pressure after each fall, indicating that the probability of breaking through $27 next time is high.
If the breakthrough is successful, the target price can be set at $120.
We need to combine market momentum and technical indicators, allocate positions reasonably, and do a good job of risk management and stop-loss setting to cope with market fluctuations.$ENS
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