đ Technical Analysis: $ENA /USDT
Current Price: $1.0387 (+0.78%)
Timeframe: 30-min chart (Binance)
đŻ Key Targets:
1. Target 1 (Immediate Resistance): $1.05
A breakout above this level could attract short-term buyers, boosting momentum.
2. Target 2 (Mid-Term Resistance): $1.08
Sustained buying pressure might push the price toward this mid-term level, a key profit-taking zone.
3. Target 3 (Major Resistance): $1.10
A breakout above this psychological level would confirm a bullish trend and open the door for further gains.
đ» Support Zones:
Immediate Support: $1.02
Holding this level is crucial to maintain the current bullish sentiment.
Critical Support: $1.00
A breach below this level may signal further downside pressure and invalidate the bullish setup.
đ Strategy:
Entry Zone: Look for entries near $1.02â$1.03 or after confirmation above $1.05.
Profit Zones: Secure partial profits at $1.05, $1.08, and $1.10.
Stop Loss: Place below $1.00 to manage downside risks effectively.
đ Insights:
Trend: Consolidating near support, with potential for a bullish breakout.
Volume Analysis: Increased buy volume will confirm upward momentum.