Technical Analysis and Trade Signal for $ENA /USDT 🚀🚀🚀

Technical Analysis:

1. Current Price: 1.0137 USDT (+7.55% in the last 24h)

2. Support Level: 0.9150 USDT (24h Low)

3. Resistance Level: 1.0182 USDT (24h High)

4. Trend: The price shows bullish momentum with a solid +7.55% rise. Short-term bullish trend confirmed by recent price action and breaking of key resistance levels.

5. RSI (Relative Strength Index): We expect the RSI to be around 60-70, suggesting moderate buying pressure but no extreme overbought conditions.

6. MACD: Positive crossovers indicate continued bullish momentum.

7. Moving Averages (MA): The price is above both the 50-period and 200-period moving averages, confirming a bullish trend.

8. Volume: Strong trading volume (117.99M ENA, 114.46M USDT), indicating healthy market activity.

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Trade Signal & Targets:

Buy Signal: Enter near the current price of 1.0137 USDT. Wait for any pullbacks toward the 0.9150 USDT support before entering if the price shows strength.

Target Levels 🎯:

Target 1: 1.0220 USDT (Immediate resistance level)

Target 2: 1.0300 USDT (Next potential resistance, optimistic short-term target)

Target 3: 1.0500 USDT (Higher resistance level, mid-term target)

Stop Loss: Place a stop-loss just below 0.9000 USDT, below the recent support area, to minimize losses in case of a trend reversal.

Momentum Analysis:

The current momentum is bullish with a rise of 7.55%. If the price maintains this trend, it’s likely to break the current resistance level at 1.0182 USDT and push higher. Watch for any bearish signals (like a dip below 0.9000 USDT) to exit or adjust the position.

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