🤧

$ENS

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $34.43
Momentum: Bullish with consolidation, but caution is advised as price nears resistance zones and volatility remains high.

Indicators Analysis:

1. Bollinger Bands:

Price is hovering near the middle band ($33.83), suggesting consolidation after a strong upward move.

If price breaches upper band ($38.48), expect a continuation of the bullish trend.

If it dips below the lower band ($29.18), bearish momentum might develop.

2. Parabolic SAR (38.89):

Price is below the SAR, signaling potential bearish pressure unless it breaks back above this level.

Trade Signal: Short-Term Bullish

Entry Zone:

Ideal entry: $33.00 - $34.50 (near the middle band for better risk-reward).

Targets 🎯:

1. Target 1: $36.50 (Immediate resistance)

2. Target 2: $38.50 (Near Bollinger upper band and close to 24h high)

3. Target 3: $41.00 (Strong psychological level and potential continuation breakout zone)

Stop-Loss:

Place at $31.50 (below Bollinger lower band and recent consolidation support).

Trade Momentum:

Bullish if price sustains above $35.50.

Watch for rejection near $38.50 or a breakdown below $31.50 to reassess.

Risk Management:

Adjust position sizing based on the volatile nature of ENS and its high 24h volume.

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