⭐Technical Analysis $ENS ⭐

🔥Price Fluctuation:

The price of ENSUSDT has just experienced a strong increase, peaking around $46.4, then dropping about 5.59% to $42.8. The current price trend shows increasing selling pressure after reaching the resistance zone.

🔥Oscillator Indicator:

RSI: Shows signs of overbought at the previous peak, leading to a downward adjustment. Moving Averages: Short-term moving averages are crossing down (especially if applying EMA), indicating a short-term downward adjustment signal.

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Important Support and Resistance Zones:

Main Resistance: $46.4 - $47 (most recent peak).

Nearest Support: $42. Stronger support may be around $38 if the price continues to decrease.

🔥Candlestick Pattern:

The recent long red candle indicates strong selling pressure. If there is another candle closing below $42, this may confirm the short-term downtrend.

💰H1 Trading Plan:

1. Bullish Scenario:

Condition: Price holds above $42 and reversal signal candles appear (such as Pin Bar, Bullish Engulfing).

Entry: Long at $43 - $43.5 if there are signs of a bounce.

Target: Short-term: $45. Medium-term: $46.5 - $47.

Stop Loss: Below $42.

2. Bearish Scenario:

Condition: Price breaks below $42 and closes a candle under this zone.

Entry: Short at $42 - $42.5.

Target: Short-term: $40. Medium-term: $38.

Stop Loss: Above $43.

💥Important Note:

Always manage risk, do not risk more than 1-2% of the account on each trade. Monitor news or events affecting the crypto market, especially related to ENS. Observe larger time frames (H4 or D1) to confirm the main trend.