🚨 ENS/USDT ON THE EDGE: Breakout or Pullback? Key Levels to Watch! 🚨
ENS/USDT has surged by an impressive 43.62%, reaching a 24-hour high of $37.29 and currently consolidating at $33.42. After a significant rally, ENS appears to be stabilizing, presenting both short- and long-term trading opportunities. Here’s a detailed analysis:
🔑 Support and Resistance Levels
Immediate Resistance: $37.29 – A breakout above this level could trigger a rally toward $40.00 and beyond, making it crucial for bullish continuation.
Critical Support: $32.32 (EMA25) – If the price holds this level, it may confirm a bullish setup. However, losing this support could lead to a drop toward $28.16 (EMA99).
📈 Long-Term Entry Strategy (Bullish Outlook)
Entry Price: Around $33.50 (current consolidation).
Targets: $36.50, $38.00, and $40.00.
Stop Loss: $31.50 to protect against deeper pullbacks.
📉 Short-Term Entry Strategy (Bearish Outlook)
Entry Price: If ENS breaks below $32.00.
Targets: $30.00, $28.50, and $27.00.
Stop Loss: $34.00 to minimize loss if momentum shifts bullish.
ENS is at a critical juncture—traders should monitor these levels closely. A breakout above resistance could fuel further upside, while failure to hold support may signal a deeper correction. Always manage risk with appropriate stop-losses.
@DIN Data Intelligence Network
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