Technical Analysis for $ENA /USDT:
Current Price: $1.0655 (Up +16.46% in 24h)
24h High: $1.0710
24h Low: $0.9060
Momentum: Bullish - The price has surged by over 16% in the past 24 hours, showing strong upward momentum. RSI is likely in an overbought region, suggesting caution for potential pullbacks.
Support Levels:
$0.9930 (Strong support)
$0.9060 (Recent low, possible retracement zone)
Resistance Levels:
$1.0710 (24h high, immediate resistance)
$1.0768 (Sell orders depth)
Trade Signal:
Trend: Bullish (Short-term upward trend with strong volume)
Entry Point: Buy around $1.0655 if the price holds above support levels.
Target Levels 🎯:
1. Target 1: $1.08 (Immediate resistance)
2. Target 2: $1.10 (Potential higher resistance as trend continues)
3. Target 3: $1.12 (Extended rally zone)
Stop Loss:
Set stop loss around $1.03 (below key support level) to limit potential losses in case of a trend reversal.
Trade Momentum: Positive momentum with strong buying pressure. Watch for any signs of overextension or market exhaustion near resistance levels.
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