๐#ENS seems poised to retest its support level before potentially continuing its upward movement. A breakout above the minor resistance could spark a strong rally, with the price likely heading toward the next key target at the strong resistance area.
๐However, thereโs a risk to watch out for. If ENS fails to rebound and breaks below the support zone, the price could head lower, potentially hitting the bullish order block or demand area. This region is crucial for maintaining a bullish structure. If ENS manages to reclaim support around the $32 mark, thereโs a good chance of a rebound and resumption of the upward move.
๐On the flip side, if the daily candle closes below this area, it would signal a bearish invalidation. In that case, we could see a deeper dip, with ENS entering a completely bearish phase and continuing its downward trajectory.
Stay disciplined, trade smart, and letโs navigate this market with a professional mindset!
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๐Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! ๐๐ธ