$ENA /USDT Technical Analysis Update š„šÆ
š Current Price: $1.1516
š 24H High: $1.2275 | 24H Low: $0.8400
Market Insights:
1. Bullish Momentum: The chart shows a clear uptrend from lower price levels, with a healthy pullback consolidating near $1.15.
2. Support Zone: Strong support lies between $1.10 - $1.12, which aligns with previous accumulation and buying interest.
3. Resistance Levels: Immediate resistance is at $1.20, with a breakout potentially targeting $1.30+ in the short term.
Trade Levels:
ā¢ Long Entry:
Buy near $1.12 - $1.14 with a target of $1.20 and $1.30.
Stop Loss: $1.08.
ā¢ Short Entry:
Sell near $1.20 - $1.22 if rejection occurs, targeting $1.10.
Stop Loss: $1.24.
Next Market Move:
ā¢ A breakout above $1.20 could ignite another bullish leg, leading to $1.30 and beyond.
ā¢ Failing to sustain above $1.15 may invite short-term corrections towards $1.10.
š” Pro Tip: Secure partial profits as targets are hit and trail your stop loss to lock gains!
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