technical analysis and trade signal for $ENA /USDT with three target levels and trade momentum:馃幆馃幆馃幆馃殌馃殌馃殌
Current Price: $1.1809
24h High: $1.1999
24h Low: $1.0050
Key Levels to Watch:
Support Zone: $1.0050 (24h Low)
Resistance Zone: $1.1999 (24h High)
Trend Analysis:
The current price is holding above the support level at $1.0050, indicating bullish potential as it trades near the 24-hour high of $1.1999.
The SAR (Stop and Reverse) at 1.1334 suggests possible continuation of an upward trend, with price fluctuating between short-term gains and corrections.
Momentum: The price is showing a positive momentum (up 12.24% in the last 24 hours), suggesting short-term bullish continuation if it holds above the $1.10 level.
Trade Signal:
Buy Signal: Enter when the price breaks above $1.20 (potential breakout above resistance).
Stop Loss: Place a stop loss around $1.05 to minimize risk if the price falls below the support zone.
Target Levels:
Target 1: $1.25 (immediate resistance)
Target 2: $1.30 (psychological resistance level, a major level to watch for the next push higher)
Target 3: $1.35 (long-term resistance if momentum continues)
Trade Momentum:
Short-term momentum is bullish with prices holding above key support and moving toward resistance.
Key Consideration: If the price breaks below the $1.05 support level, it may signal a reversal, and a sell signal would be activated.
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