ENS/USDT Technical Analysis

The ENS/USDT pair is trading around $0.9256, showing signs of cautious price action. After the recent bearish momentum, the market is testing key support near the $0.9200 area, a level where buyers should hold to prevent further declines.

⚡ Key Levels to Watch:

Support: $0.9200 - A critical level where buyers are trying to stabilize. .

Resistance: $0.9500 - A break above this area could lead to bullish momentum towards the psychological resistance at $1.00.

💡 Entry Strategy:

Bullish Entry: Look for a bounce from $0.9200 with strong volume confirmation. Target $0.9500 and beyond.

StopLoss: Place below $0.9150 to manage risk effectively.

Bearish scenario: If support at $0.9200 fails, expect further decline to $0.9000.

ENS price at an unexpected level - a bounce here may attract buyers and trigger a recovery, while a breakdown may open the doors for sellers. Watch the volume and candlestick signals for confirmation. 🎯

🚀 Trade smart, stay focused,