$ENS
Currently in a minor downtrend, with key levels at 33.92 USDT for resistance and 32.74 USDT for support. Pay attention to these levels for potential breakouts or breakdowns. The price is still above its shorter-term EMAs,
but a move below 32.74 USDT could suggest further downside. Make sure to use tight stop-losses for risk management, especially in a volatile market.
Short-Term Trend: $ENS /USDT has been experiencing a slight downtrend, with the price currently at 33.67 USDT, down by 3.44%. This decline is in line with the overall market correction, and the price is just above the EMA(25) (33.68), indicating a potential area of support.
Key Resistance Level🔥
The 38.98 USDT level remains the key resistance, and a break above it could signal a reversal back into a bullish trend.
Key Support Level🔥
The 32.74 USDT low is critical, and a break below this could lead to further downside towards (28.67) or even lower levels.
1. For Bullish Moves:📈
Entry Point: Look for a break above 33.92 USDT (EMA(7)) for a confirmation of bullish momentum.
Target Levels🎯
Primary: 34.50 USDT (next resistance zone)
Secondary: 35.50 USDT
Stop-Loss🚫
Set a stop-loss below 32.70 USDT, in case the price reverses and tests lower levels.
2. For Bearish Moves:📉
Entry Point: A drop below 32.74 USDT could signal a bearish continuation. Look for confirmation of further downside momentum.
Target Levels🎯
Primary: 32.00 USDT (next support zone)
Secondary 30.50 USDT
Stop-Loss🚫
Place a stop-loss just above 33.92 USDT to protect against any upside moves.