š $ENA /USDT Technical Analysis & Trade Signal: Ride the Bullish Momentum! šÆ
Current Price: $1.0326
Trend: Bullish (13.76% increase in the last 24 hours)
Key Technical Indicators:
Support Level: $0.8939 (24h low)
Resistance Level: $1.0356 (24h high)
EMA (Exponential Moving Average): Price above the 20 EMA, signaling bullish momentum.
RSI (Relative Strength Index): RSI at 65, showing strong bullish conditions but nearing overbought.
Trade Signal:
Entry Point: Buy near $1.03 for optimal risk-to-reward balance.
Target Levels šÆ:
1. First Target: $1.10 ā Psychological resistance, ideal for partial profits.
2. Second Target: $1.18 ā Major resistance zone, watch for price action here.
3. Third Target: $1.25 ā Extended target based on bullish momentum.
Trade Momentum:
Strong bullish momentum continues, but expect possible pullbacks near $1.05-$1.06. Buy on dips near $1.03 for further upside.
Risk Management:
Stop Loss: Set below $0.95 for protection.
Target 1: Take partial profits at $1.10.
Target 2: Final profit target at $1.18.
Stay alert and capitalize on this bullish trend! š
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