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$ENA /USDT Gearing Up for a Breakout ā Donāt Miss This Move! š„šÆ
Current Price: $1.1271 (-3.35%)
$ENA is trading within an ascending channel on the 30-minute chart, maintaining a bullish trend. With strong support at $1.1000 and resistance at $1.3000, the pair is poised for a significant move that could present lucrative trading opportunities.
š Key Levels to Watch:
ā¢ Resistance: $1.1500 (near-term), $1.3000 (channel top).
ā¢ Support: $1.1000 (trendline support).
š Trade Strategy:
ā¢ Entry Zone: Around $1.1270, aligning with current price action.
ā¢ Targets:
ā¢ Target 1: $1.1500 (short-term resistance).
ā¢ Target 2: $1.2000 (mid-channel range).
ā¢ Stop Loss: Below $1.1000 to minimize risk.
ā ļø Risk & Profit Management:
ā¢ Monitor resistance levels closely, as rejection near key zones like $1.1500 or $1.3000 could signal a corrective move.
ā¢ Secure partial profits as price approaches each target to lock in gains while protecting your position.
š” Why Now?
Momentum is building, and
$ENA is exhibiting strong signs of a potential breakout. Whether youāre targeting short-term gains or looking for a bigger move, this is a setup worth keeping on your radar.
Act smart, stay alert, and be ready for the action ahead! š
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